Difference between every day and economic notions of investment and consumption Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/more-on-final-and-intermediate-gdp-contributions?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 311998 Khan Academy
Thinking about how different types of expenditures would be accounted for in GDP Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 340566 Khan Academy
The concept of gross and net helps to understand the concept of GDP & NDP and other related concepts like Gross income and Net income, Gross Pay and Net Pay, Gross National Product and Net National Product, Gross Domestic Product and Net Domestic Product as well as important for topics like Gross Profit and Net Profit, Gross Weight and Net Weight, Gross Salary and Net Salary There are many terms which we come across while we do our study. Many times we find it difficult to understand the exact meaning of these terms. In exam, questions will not come directly on these terms. But their better understanding will improve the quality of your answers. In this video series named "Concepts", we are focusing on such terms which will help you in further studies. For more videos visit - http://www.upscmantra.com/videos Synergy Study Point, as a UPSC Coaching Institute, strive to have an undivided focus on creating success stories as the Unique Selling Proposition. Located at the education hub Pune, Maharashtra, Synergy is undoubtedly a leading coaching institute for Civil Services (UPSC) and State Services (MPSC) Examination, in India. In past 11 years, with the focus on quality teaching, we have created unparalleled track record and 500+ success stories in Civil Services (UPSC) and State Services (MPSC) Examination. Teaching is a noble profession; we are committed to its values. We truly feel that the field of education needs to maintain its sanctity even with more caution during such changing times. We at ‘Synergy’ intend to ignite minds of thousands of capable and deserving young graduate population of the nation and guide their aspirations to succeed in competitive examinations to its conclusion.
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In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 402174 Jacob Clifford
Looking at a simple model of an economy Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/components-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/investment-and-consumption?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 295475 Khan Academy
Using real GDP as a measure of actual productivity growth Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/gdp-deflator?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 515272 Khan Academy
This video goes over a numerical example of how to calculate real GDP, income, savings and net taxes. More information on this subject can be found at http://www.freeeconhelp.com/2012/03/calculating-real-gdp-total-income-and.html The numbers included are from a sample problem using real information from the US economy. The trick here is to remember the simple equation of Y=C+I+G+NX when calculating GDP, the rest is plugging in the numbers that are given to you in the problem. However, it is a good idea to develop an intuitive understanding of what real GDP is which you can strengthen by watching the video and reviewing the article above.
Views: 43077 Free Econ Help
Gross Domestic Product GDP the market value of the final goods and services produced within a country in a given year this definition has fours parts market value final goods and services produced within a country in a given time period market value GDP is a market value goods and services are valued at their market prices to add apples and oranges, computers and popcorn, we add the market values so we have a total value of output in pounds are all produced goods and services subject to trade in the market? final goods and services GDP is the value of the final goods and services produced a final good (or service) is an item bought by its final user during a specified time period an intermediate good is produced by one firm, bought by another firm, and used as a component of a final good or service excluding intermediate products avoids double counting for example, if an economy produces steel (intermediate) and cars (final), the value of steel is included in the price of a car produced within a country GDP measures production within a country – domestic production GDP pays no attention to nationality or ownership the output of foreign firms in the UK contributes towards UK GDP but the output of UK firms producing abroad does not in a given time period GDP measures production during a specific time period, normally a year or a quarter of a year GDP can be measured as the value of production: value added approach total expenditure on goods and services: expenditure approach total income to factors of production: income approach this can be shown using the circular flow digram the national economy is composed of households firms government the rest of the world in a four-sector economy, injections include government expenditure, exports leakages include taxes, imports to maintain the same level of equilibrium in a four-sector economy the sum of injections should equal the sum of leakages that is, I + G + X = S + T + M the circular flow consists of incomes (blue) and expenditures (red) the sum of the red flows equals the blue flow implicit in this equalising of income and expenditure is what firms do in between total expenditure on final goods and services equals the value of output of final goods and services, which is GDP firms pay out all their receipts from the sale of final goods, so income equals expenditure thus, economic activity (GDP) can be measured using either output, income, or expenditure why is GDP referred to as gross domestic product? gross means before deducting the depreciation of capital, the opposite being net depreciation is the decrease in the value of a firm’s capital that results from ’wear and tear’ and obsolescence gross investment is used to calculate GDP the total amount spent on purchases of new capital and on replacing depreciated capital net investment the increase in the value of the firm’s capital in the official calculation of GDP in the UK, the Office for National Statistics ONS uses two approaches expenditure approach GDP is the sum of aggregate expenditure in the economy that is, Y = C + I + G + (X-M) income approach GDP is sum of the incomes that firms pay households for the factors of production they hire that is, Y = rent + wages + interest + profits note that GDP at factor cost is the sum of compensation of employees gross operating surplus mixed incomes market prices is the GDP at factor cost + indirect taxes - subsidies nominal GDP the value of goods and services produced during a given year valued at the prices that prevailed in that same year nominal GDP is just a more precise name for GDP real GDP the value of final goods and services produced in a given year when valued at the prices of a reference base year using real GDP allows for comparisons of living standards over time by removing the influence of rising prices accounting for price changes (inflation) is important if comparisons are to be made at different points in time Limitations: real versus nominal GDP population size per capita real GDP exchange rates purchasing power parity (PPP)-An exchange rate which would buy the same good in each country some items are excluded level of unpaid work underground economy there are human costs to production quality of life and social costs/benefits (environment, health) spending on necessities or economic bads (e.g. defence) distribution of income
Views: 1007 Hanomics
Class 12 macroeconomics... National income and related aggregates... Basic formulas... Gross and net... Domestic and national... Factor cost and market price... Contact for my books...7690041256 Economics on your tips video 45 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 503896 Economics on your tips
This short tutorial video looks at some of the factors that determine capital investment and also the significance of a rise in investment for the macroeconomy. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 11123 tutor2u
What is GDP? Why an economy needs to calculate GDP ?? How GDP measured in Nepal??? GDP essentially Used to...measures the economic condition of an economy By using consumption method GDP includes: 1) Expenditure made on consumer goods and services to satisfy immediate want of people.(C) 2) Expenditure made on capital goods consisting of fixed capital formation, residential construction and inventories of finished and unfinished goods(I) 3) Government expenditure for purchasing goods and services (G) 4) Net export of goods and services or net foreign investment. (X-M) Thus GDP = C+I+(X-M) Product Method GDP at Market Price = Net value added in the primary sector at factor cost + Net value added in the secondary sector at factor cost. + Net value added in the tertiary sector at factor cost + Depreciation or consumption of fixed capital. + Net indirect taxes. Income method GDP at market Price = Composition of employees + Rent + Interest + Profit + mixed income of self employed+ Depreciation + Net indirect taxes Expenditure method:- GDP at Market Price = Private final consumption expenditure + Government final consumption expenditure + Gross capital formation + Net export of Goods and services Growth fact sheet of Nepal: 1)Real GDP growth rate in FY 2069/70(2012/13 AD) was 3.6% as compare to Previous year that was 4.9% 2)Average GDP growth rate of five years 4.04% 3)Agriculture sector GDP growth rate in FY 2069/70(2012/13 AD) is 1.3% as compare to previous year 5% 4)Non agricultural sector's GDP growth in FY 2069/70(2012/13 AD) is 5% than 4.2% in Previous year. 5)Industrial Sector's Growth rate in FY 2069/70(2012/13 AD) is 1.6% as compare to previous year ie 3% 6)The Average GDP growth rate of agricultural sector for five year is 3.16%. 7)The average GDP growth rate of industrial sector for five years is 2.48%. 8)GDP at producer's price in various fiscal years: 2008/09-Rs 988.3bn, 2009/10 = 1192.8 bn , 2010/11 = 1375bn , 2011/12 = 1536bn , 2012/13 = Rs 1701.2bn GDP Growth projection by ADB: 2014 = 4.5% 2015= 4.7% GDP Growth projection by WB: 2014=4.5% Govt Claim on potential growth rate 2014= 5.5% CBS estimation = 5.15% (as data publised on 28th April 2014 Source: MOF,NRB,CBS,ADB,WB www.edushastra.blogspot.com Thank You!!! Please subscribe our channel & visit our blog for more update.
Views: 1255 edushastra
In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 360974 Jacob Clifford
The video includes a list of countries of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a nation in a given year. The GDP dollar estimates presented here are calculated at market or government official exchange rates. The list includes 2009 data from the International Monetary Fund. The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's economic performance and is the market value of all final goods and services made within the borders of a nation in a year . It is a fundamental measurement of production and is very often positively correlated with the standard of living. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits). The most common approach to measuring and quantifying GDP is the expenditure method: GDP = private consumption + gross investment + government spending + (exports − imports), or, GDP = C + I + G + (X − M). "Gross" means that depreciation of capital stock is not subtracted out of GDP. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports). Equatorial Guinea, Bosnia and Herzegovina, Jordan, Tanzania, Bahrain, El Salvador, Panama, Estonia, Côte d'Ivoire, Cameroon, Trinidad and Tobago, Cyprus, Ethiopia, Yemen, Myanmar, Uzbekistan, Lebanon, Costa Rica, Kenya, Uruguay, Latvia, Guatemala, Sri Lanka, Tunisia, Dominican Republic, Azerbaijan, Lithuania, Serbia, Bulgaria, Ecuador, Oman, Slovenia, Syria, Luxembourg, Sudan, Belarus, Croatia, Bangladesh, Angola, Morocco, Vietnam, Iraq, Slovakia, Libya, Qatar, Peru, New Zealand, Kazakhstan, Hungary, Kuwait, Algeria, Egypt, Pakistan, Philippines, Chile, Ukraine, Singapore, Romania, Israel, Nigeria, Hong Kong, Czech Republic, Malaysia, Colombia, Portugal, United Arab Emirates, Thailand, Ireland, Finland, South Africa, Venezuela, Argentina, Denmark, Iran, Greece, Taiwan, Austria, Norway, Saudi Arabia, Sweden, Switzerland, Belgium, Indonesia, Poland, Turkey, Netherlands, South Korea, Australia, Mexico, India, Canada, Brazil, Spain, Russia, Italy, United Kingdom, France, Germany, China, Japan, United States Of America 1 2 3 4 5 6 7 8 9 10
Views: 1117 easytrader123
A presentation on How Gross Domestic Product (GDP) is measured or calculated using the popular methods of Income Approach, Expenditure Approach, Value Added Approach, Consumption Approach, Production Approach. Also explained is how economic system works. Concepts like Real GDP and GDP Deflator are also explained. Helpful for students preparing for IAS, UPSC, CFA, MBA, and other finance, management and capital market related courses. GDP calculation in India, GDP deflator, How GDP is calculated in India, how to calculate GDP
Views: 14028 Greymatbay
What is GDP (Gross Domestic Product) -- GDP is the total monetary value of the final goods and services produced within the geographical boundaries of a country in a given period of time. For a more detailed explanation of the terms: GROSS: The depreciation in the capital assets of the country, occurred during the year is inclusive. This means, the monetary value of loss of assets due to production activities had not been deducted. If we do deduct it, it becomes NET. DOMESTIC: Domestic implies, produced within the geographical boundaries. It does not take into account the country's earning outside its geographical boundaries, or foreign remittances. Neither does it deduct transfers outside of the country. If these remittances are added and the transfers deducted, the value becomes NATIONAL. PRODUCT: The final goods and services. Final implies that intermediate goods are not taken into account. For example, wheat sold for final consumption to consumers will be taken into account, but the amount of wheat sold to bakeries for further production of bread will not be added. The value of bread will be taken into account which will be inclusive of the value of its input: wheat. This is done to avoid double counting. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 59559 Yadnya Investment Academy
This video explains the concept of Nominal GDP & Real GDP. Video tells about Nominal GDP in simple language & with proper example. With the help of this video students can understand Real GDP in simple language & proper example. It covers GDP Deflator too. #NominalGDP #RealGDP #GDPDeflator V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 514 Economics Point
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 981119 CrashCourse
This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage change in GDP from year to year. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 170982 jodiecongirl
Read more at http://www.simplecleareasy.com/ GDP = C + G + I + NX C = Consumption G = Government Spending (Government Expenditure) I = Investment NX = Net Exports (The balance of trade) : GDP of Major Countries in the World... Read more at http://www.simplecleareasy.com/
Views: 21966 LeonAcademy dot org
Watch more Intermediate Math Skills videos: http://www.howcast.com/videos/437592-How-to-Calculate-Real-GDP The real gross domestic product of a country measures the value of its economic activity. But how can you calculate it? Step 1: Understand real GDP Know that a country's GDP is the sum of the prices of all goods and services produced in its economy during a set period of time. Step 2: Understand base years Understand that real GDP is the sum of all produced goods and services at constant prices gleaned from a specified base year. Real GDP permits a comparison of economic growth from year to year in terms of production of goods and services. Tip In contrast, nominal GDP is the sum of the value of all produced goods and services at current prices. Nominal GDP is a better indicator of sheer output than the value of output over time. Step 3: Choose a base year Choose a base year. The prices for this year will be used for the calculations in the other years as well. Step 4: Evaluate economic activity Evaluate economic activity by determining the values of consumer spending, investment, government spending, and net exports in base year prices. Step 5: Calculate the sum Calculate the sum of these separate contributions to GDP. Then compare your country's ranking with that of others. Did You Know? The real GDP of the United States was approximately $12.9 trillion in 2009.
Views: 55972 Howcast
What is Gross Domestic Product (GDP) http://www.financial-spread-betting.com/course/UK-Australia-indicators.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE What is GDP? Gross Domestic Product. This is a barometer of how well an economy is doing. But why is GDP important? If you have high GDP there is a lot of productivity going on, the economy is chugging along quite nicely - generally a good thing for the country. Low GDP is the opposite; things aren't so well. A high GDP is normally equal to higher corporate earnings which is going to benefit the stock market. Recession - 2 or more consecutive quarters of negative GDP growth. But how is the GDP is calculated? It is basically made up of 4 distinct parts; it is the total of the goods and services produced in a country giving a broad view on how the economy is faring. The first part is consumption, the second part is investments, the third is government spending and investments and the last is net exports. A lower than expected GDP may lead to the currency of that country weakening. A higher than expected GDP might boost the currency of a country.
Views: 685 UKspreadbetting
The formula to calculate GDP (Gross Domestic Product) is this: GDP (Gross Domestic Product) = Consumption + investment + government expenditure + net exports (exports minus imports) = Wages + rents + interest + profits + non-income charges + net foreign factor income earned But the GDP figure is vulnerable to "creative accounting": 1. The weight of certain items, sectors, or activities is reduced or increased in order to influence GDP components, such as industrial production. Developing countries often alter the way critical components of GDP like industrial production are tallied. 2. Goods in inventory are included in GDP although not yet sold. Thus, rising inventories, a telltale sign of economic ill-health, actually increases the GDP! 3. If goods produced are financed with credits and loans, GDP will be artificially HIGH (inflated). 4. In some countries, PLANS and INTENTIONS to invest are counted, recorded, and booked as actual investments. This practice is frowned upon (and landed quite a few corporate managers in the gaol), but is still widespread in the shoddier and shadier corners of the globe. 5. GDP figures should be adjusted for inflation (real GDP as opposed to nominal GDP). To achieve that, the calculation of the GDP deflator is critical. But the GDP deflator is a highly subjective figure, prone, in developing countries, to reflecting the government's political needs and predilections. 6. What currency exchange rates were used? By selecting the right "points in time", GDP figures can go up and down by up to 2%! 7. Healthcare expenditures, agricultural subsidies, government aid to catastrophe-stricken areas form a part of the GDP. Thus, for instance, by increasing healthcare costs, the government can manipulate GDP figures. 8. Net exports in many developing countries are negative (in other words, they maintain a trade deficit). How can the GDP grow at all in these places? Even if consumption and investment are strongly up - government expenditures are usually down (at the behest of multilateral financial institutions) and net exports are down. It is not possible for GDP to grow vigorously in a country with a sizable and ballooning trade deficit. 9. The projections of most international, objective analysts and international economic organizations usually tend to converge on a GDP growth figure that is often lower than the government's but in line with the long-term trend. These figures are far better indicators of the true state of the economy. Statistics Bureaus in developing countries are often under the government's thumb and run by political appointees.
Views: 248 vakninmusings
Knowledge Punk presents Gross Domestic Product (GDP) in 101 Seconds. GDP, or Gross Domestic Product, is a measure of the total economic activity of a country within a specific period of time, usually a year. It is considered to be a reasonably useful indicator of a state's overall economic health and standard of living. The simplest and most direct method for measuring GDP is the expenditure method, which is represented by the following equation: GDP = C + G + I + NX, where: -C- = private consumption -G- = government spending -I- = gross investment -NX- = net exports (i.e. exports minus imports) GDP can also be measured by the output measure (the value of goods and services produced by all sectors of the economy) and the income measure (the value of incomes in terms of profits and wages). Theoretically, all three measures should yield the same value. At nearly 16 trillion dollars in 2012, the US has the world's largest GDP. The next highest is China, at just half this amount, with around 8 trillion dollars. Japan, Germany and France complete the top 5. Although GDP offers a useful economic snapshot of whether a national economy is improving or declining, it does not give a complete picture of a country's wealth. For example, it ignores the hidden or "black" economy, and the figure is not adjusted for inflation of deflation.
Views: 59 UniversityofShed
As the markets teetered and investors waited word on whether the Big 3 would get the big bucks from the Fed, many folks were wondering if there was any end in sight to the bailouts and rescue plans. We have yet to see any tangible evidence of credit loosening up. In the meantime, we are starting to see gas prices creeping up. More layoffs are coming. Many Wall Street bonuses are not. But will the recessionary Grinch steal Christmas from retailers? If Black Friday was any indication, probably not. Consumers are spending maybe not as much but they are buying. Thats good and bad. With the consumer so much in debt, what does that mean for the gross domestic product, since consumer spending accounts for nearly three-quarters of GDP? The Business Journal checked in with Maureen Morgan, a transit advocate, a board member of Federated Conservationists of Westchester and a regular contributor to this newspaper. In an online interview, Morgan talked about the GDP and her concerns about an economy built on sand. An economy that depends on frantic purchasing by a deeply indebted public is not a dilemma that can long be ignored, she notes. In addition to consumption, Morgan discussed three other components of the GDP: investment, net exports and government purchases. While Morgan is quick to point out shes not an economist, she does keep a close eye on economic indicators and observers. Following are excerpts from the Web chat.
Views: 679 WestfairMedia1
In this video we will see some interesting facts about Imports and Exports. How it affects consumers, economy, GDP etc. With the GST being launched from July 1, imports and exports will directly depend on new tax rules. Imports are an important indicator and a vital component of the economy. A high level of imports indicates robust domestic demand and a growing economy. When net exports exceeds net imports, the nation has a trade surplus. When the imports are higher than the exports trade deficit occurs. so the bottom line is Imports and exports has a major impact on the consumer and the economy directly, and the same is true when seen the other way round. Fill this feedback form for a better learning experience https://goo.gl/vrYPBw Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta Maps and sketches can be found on the instagram account search for "geographysimple" Check the other playlists of CBSE NCERT Geography videos Class 6 - https://goo.gl/DDFtIF Class 7 - https://goo.gl/ppPK05 Class 8 - https://goo.gl/OD3Gwh Class 9 - https://goo.gl/AIEXxQ Class 10 - https://goo.gl/inWIAR Class 11 (Part 1) - https://goo.gl/Pn5EIE Class 11 (Part 2) - https://goo.gl/X4zY9K Class 12 - https://goo.gl/Kszpz5
Views: 18185 Amit Sengupta
Get Free Gold Investment Kit: http://2by.us/gold Investment is time, energy, or matter spent in the hope of future benefits actualized within a specified date or time frame. Investment has different meanings in economics and finance. In economics, investment is the accumulation of newly produced physical entities, such as factories, machinery, houses, and goods inventories. In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings. This may or may not be backed by research and analysis. Most or all forms of investment involve some form of risk, such as investment in equities, property, and even fixed interest securities which are subject, among other things, to inflation risk. It is indispensable for project investors to identify and manage the risks related to the investment. In macroeconomics In macroeconomics, non-residential fixed investment is the amount purchased per unit time of goods which are not consumed but are to be used for future production (i.e. capital). Examples include railroad or factory construction. Investment in human capital includes costs of additional schooling or on-the-job training. Inventory investment is the accumulation of goods inventories; it can be positive or negative, and it can be intended or unintended. In measures of national income and output, "gross investment" (represented by the variable I ) is a component of gross domestic product (GDP), given in the formula GDP = C + I + G + NX, where C is consumption, G is government spending, and NX is net exports, given by the difference between the exports and imports, X − M. Thus investment is everything that remains of total expenditure after consumption, government spending, and net exports are subtracted (i.e. I = GDP − C − G − NX ). Non-residential fixed investment (such as new factories) and residential investment (new houses) combine with inventory investment to make up I. "Net investment" deducts depreciation from gross investment. Net fixed investment is the value of the net increase in the capital stock per year. Fixed investment, as expenditure over a period of time (e.g., "per year"), is not capital but rather leads to changes in the amount of capital. The time dimension of investment makes it a flow. By contrast, capital is a stock—that is, accumulated net investment to a point in time (such as December 31). More Resource: http://silvergolddaily.com/ Gold: http://en.wikipedia.org/wiki/Gold Silver: http://en.wikipedia.org/wiki/Silver IRA Account: http://en.wikipedia.org/wiki/Individual_retirement_account Gold Backed IRA: http://en.wikipedia.org/wiki/Gold_IRA investing, invest, investment, gold, silver, regal asset, gold investment, gold invest, https://www.youtube.com/watch?v=3za-PIxNXaA
Views: 81 Investing
This video explains the meaning of Domestic Territory & Normal Resident. Video also explains the difference between Domestic Income & National Income. Students can understand the national income aggregates (GDP & GNP).It covers simple numerical problems related to GDP & GNP. #NormalResident #GDP #GNP #DomesticTerritory V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 3061 Economics Point
Language: Hindi, Topics Covered: 1. definition and formulas of Gross Domestic Product (GDP), GNP, NNP, net national income and net disposable income 2. Three methods of calculating GDP: income method, expenditure method and production or gross value added (GVA) method. 3. Modification done by CSO (Central statistical Organisation) in the calculation of GDP and its base year 4. Criticism against the new CSO method for calculating GDP. 5. Sectoral growth rate data from economic survey, ascending descending orders for MCQs. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 263093 Mrunal Patel
Suggest Me Topics - Follow me on Instagram - https://www.instagram.com/sunilsolves In this video, I will explain what is National Income? GDP - Gross Domestic Product GNP - Gross National Product NDP - Net Domestic Product NNP - Net National Product and how all these are calculated ------------------------------------------------------------------------------------------------------------- Share, Support, Subscribe!!! Facebook:https://www.facebook.com/BasicGyaan.F Twitter: https://twitter.com/BasicGyaan Google Plus: https://plus.google.com/101070380901930372004 Microphone i use : http://amzn.to/2xBYjBO About : BASIC GYAAN is a YouTube Channel, where you will find curious interesting Videos related to Finance, Economics and Trending topics in Hindi, New Video is Posted Every week :)
Views: 14735 Basic Gyaan
Notes for Economics www.saseassociates.com The Gross Domestic Product (GDP) is measured as the sum of: Consumption (C)--of goods, both durable and non-durable, and services; Investment (I)--composed of the value held by businesses in the form of raw material and work-in-progress, the inventory of unsold finished goods, plant and equipment, and rental real estate that can provide a income flow; Government spending (G) for inputs and outputs at the federal, state, and local levels; and Net Exports (NX), which is the difference between the value of a country's exports and its imports. In summary, GDP = C + I + G + NX
Views: 14684 Video Economist
This video lecture outlines the two methods of measuring a nation's Gross Domestic Product. By summing the total wages, rents, interest and profits earned by households, or by adding all the consumption, investment, government spending and net exports, we can determine the total value of a nation's output during a particular period of time. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 42836 Jason Welker
Learn how to calculate gross domestic product in just a few minutes. Professor Jadrian Wooten of Penn State University details three different ways of calculating GDP: the expenditure approach, the income approach, and the value-added approach. Learn all about macroeconomics in Course Hero's study guide here: https://www.coursehero.com/sg/macroeconomics/ Explore Course Hero’s collection of course and literature study guides here: https://www.coursehero.com/sg/ About Course Hero: Course Hero helps empower students and educators to succeed! We’re fueled by a passionate community of students and educators who share their course-specific knowledge and resources to help others learn. Learn more at http://www.coursehero.com. Master Your Classes™ with Course Hero! Get the latest updates: Facebook: https://www.facebook.com/coursehero Twitter: https://twitter.com/coursehero
Views: 288 Course Hero
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Views: 67 mad Video Marketing
The IMF released a report on global financial stability. The report analyzes China's public balance sheet and finds that the country's general government’s net financial worth remained positive, at 8 percent of GDP in 2017. Financial assets were at 75 percent of GDP, and liabilities at 67 percent of GDP. Despite being positive, China's financial worth has deteriorated in recent years. The downward trend is largely because of sub-national borrowing, which is an off-budget debt, and under-performing state-owned enterprises. Both factors will entail possible risks and rising vulnerabilities for the future. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 360 CGTN
If the video is blured , use the setting at the right bottom corner of the player and change it to 480p or higher. This gives a basic understanding about GDP at Market Price. It has been prepared mainly to help the II ISC students. I believe it will be beneficial to others also. 0:50 National Income 6:16 Intermediate Good 6:34 Final Good 7:45 Error of Double Counting For more videos on Economics and Statistics, visit my BLOG http://economics-nallasivam.blogspot.in Send your feed back to - [email protected]
Views: 4276 Vellaichamy Nallasivam
In this lesson, you'll learn about nominal gdp and how to key formulas in macroeconomics. Gross domestic product (gdp) investopedia formula 4. When one compares gdp figures from 5 apr 2017 real is the economic output of a country with inflation taken out. The equation used to calculate gdp is as follows gross domestic product (gdp) a monetary measure of the market value all final goods and raw figure given by equations above called nominal, historical, or current. Components of gdp explanation, formula, chart the balanceeconport examples calculating. Real gdp per capita definition, formula, data the balance. It's equivalent to what is being spent in that economy. Thus, a country's gdp is measure of consumer spending (c) and some the products services that are consumed within country imports from overseas. Gdp is the sum of consumption (c), investment (i), government spending video library calculator place finder periodic table perpetual calendar homework help spelling checker distance conversion tool gross domestic product (gdp) broadest quantitative measure a nation's total economic activity. The basic formula for calculating the gdp is y c i e g where consumer spending investment made here, we will show you two different ways of using information $304 $156 $124 $18 in this case use a country's one most important indicators its economic strength. Called the 'deflator' gdp calculation methodology. Gdp and the players three all together now c i g infopleasebest definition. Compared to highest and lowest 31 jul 2017 real gdp per capita is a country's economic output for each person adjusting inflation. Gdp c i g xn gdp deflator a price index used to adjust nominal arrive at real. It compares real gdp from one quarter to the next 27 feb 2014 how calculate nominal gdp, and deflator general formula for calculating a growth rate new _ value old 13 apr 2017 per capita is measure of country's gross domestic product) by formula, u. Formula, how to calculate, annual data since 1946 31 jul 2017 that's because gdp is the country's total economic output for each year. Gross domestic product gross wikipedia. The methodological basis for georgia's national accounts is standard methodology of 1993. Nominal gdp leaves it in. The formula to tutorial how calculate the gdp. Accounts system (sna 93) gross domestic product (gdp) is the total value of output in an economy and full equation for gdp using this approach c i g (x m) where. Gross domestic product (gdp) investopedia. Gdp, real gdp, and the gdp deflator. How to calculate the gdp of a country gross domestic product (gdp) investopediadefinition & formula equation in depth (c i g x) boundless. What is the gdp growth rate? (explanation & formula) balance. Nominal gdp definition & formula video lesson transcript formulas for macroeconomics the economics classroomproduction approach geostat. The gdp calculation also accounts for spending on accordingly, is defined by the following formula consumption investment
Views: 47 Bet My Bet
The Gross Domestic Product of an economic region is basically the measure of its economic activity including all goods and services within its borders. The equation to calculate GDP is “expenditure based” and looks like this: During a given period of time, GDP is the sum of: • Consumer spending on goods and services • Government Investment and spending on goods and services • Business investment and spending on goods, services and inventory • Exports which left that region • then we deduct the value of Imports entering that region • the final figure is then adjusted for inflation Learn more: https://hubs.ly/H09P_RZ0 ---------------------------------------------------------------------------------------- Web: https://www.valutrades.com/ E-mail: [email protected] Facebook: https://www.facebook.com/valutrades/ Twitter: https://twitter.com/valutrades Instagram: https://www.instagram.com/valutradesl... DISCLAIMER CFDs and FX are leveraged products and carry a high level of risk to your capital. These products may not be suitable for all clients, so please ensure you fully understand the risks involved.
Views: 16 Valutrades
A brief explanation of GDP and GNP Net trade=(X-M) GDP=C+I+G+(X-M) Where: C= household spending I= capital investment spending G= government spending X= exports of goods and services M= imports of goods and services NPIA: Net property income from abroad GNP=GDP+NPIA
Views: 1058 YourFreeVision
All sharp investors should know how to properly break down economic growth into its component parts. Think about it. How else would you know the true underlying strength of an economy? Let’s get you up to speed on that front really quick. Here’s a video deep dive on dissecting GDP with U.S. Macro analyst Christian Drake, a video we produced as part of our “Understanding” series. In it, Drake walks through the typical GDP equation… GDP = C (Consumption) + I (Investment) + G (Government Spending) + NX (Net Exports) From there, Drake digs deeper into the guts of GDP. This is a helpful guide for macro novices and veterans alike.
Views: 1266 Hedgeye
Join my Woo Woo Crypto Patreon https://www.patreon.com/jsnip4/memberships https://theconservativetreehouse.com/2019/03/02/canadian-economy-halts-gdp-growth-drops-to-0-1-percent-and-no-one-is-talking-about-why/ Want HARD CORE TA Trades?: http://thecryptoschool.io Crypto Apparel: http://hodlgear.net http://www.MDCRotator.com/CBDTampa (CBD Oil Affiliate Program) http://www.HempWorx.com/CBDTampa (Buy CBD Products Only) Crypto Songs! https://www.youtube.com/c/cryptokaraoke Where do I buy Silver from? https://sdbullion.com/jsnip4 http://www.jmbullion.com/?utm_source=realist-news&utm_medium=display&utm_campaign=Realist-News http://www.realistnews.net DISCLAIMER: WHILE I SPEAK ABOUT CRYPTOCURRENCIES, TOKENS, PRECIOUS METALS, AND OTHER "MARKETS". I AM NOT A FINANCIAL ADVISER AND I DO NOT CHARGE ANYONE FOR THESE YOUTUBE VIDEOS I PRODUCE EVERY DAY. THESE TYPES OF VIDEOS ARE BASED UPON MY OPINION ONLY. YOU ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT ACTIVITIES. During my video I may talk about Hemp oil or CBD oil and /or similar products. My statements made about this hemp oil product/CBD oil, Hempworx website or sales materials have not been evaluated by the Food and Drug Administration. MyDailyChoice and HempWorx products are not intended to diagnose, treat, cure, or prevent any disease. These products are NOT intended to replace medications or eliminate the advice of a competent doctor or health care practitioner.
Views: 2408 jsnip4
This video explains the concept "GDP & Welfare". It covers different points of the GDP & Welfare( Distribution of GDP, Externalities,Population Growth,Non-Monetary Exchange & Composition of GDP).With the help of this video student can understand this topic(GDP & Welfare) in simple & easy language . It also explains "Green GDP". #GDPandWelfare #GreenGDP #EconomicsPoint V- 55 Nominal GDP || Real GDP || GDP Deflator https://youtu.be/_BLlYQJ1QdI V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 147 Economics Point
10: Gross Domestic Product Report (Part 1) - ECONOMIC REPORTS FOR ALL MARKETS This is the 10th video in a series on economic reports created for all markets, or for those who simply have an interest in economics. In this lesson we cover the Gross Domestic Product Report. Check out the entire free forex course (in process): http://www.informedtrades.com/f7/ The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This section is on economic reports, and the information in it applies to all markets. Learn Forex for free! Take the entirely free course at the link above or on youtube. Practice live forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here- http://clk.atdmt.com/FXM/go/166058821/direct/01/ Link to the GDP Report: http://www.bea.gov/national/index.htm#gdp Text from video: The GDP report measures the output of goods and services produced by labor and property located in the United States. In other words, it measures the total economic production of the economy. If you have not already done so, I invite you to stop this video and watch my overview video on the GDP in the basic economics section. The GDP report is released quarterly by the Bureau of Economic Analysis. I'll post a link for the report in the text next to the video. The GDP report is the largest, most comprehensive report on the economy. While other reports focus in on individual sections, the GDP report looks at the entire economy. Economists use the GDP report to gauge growth in the economy. GDP expands when production increases. The increase in production creates jobs. The increase in jobs increases income. Some of this additional income will be spent increasing corporate income and profit. Some of this additional income will be deposited into banks which is then loaned out. This in turn causes more increases in production. However, increases in production can also lead to inflation and higher interest rates. GDP contracts when production decreases. When companies produce less, they need less employees. Higher unemployment means people earn less and spend less, causing corporate income and profits to drop. The Government, the Fed and the Treasury use fiscal policy and monetary policy to try and maintain a rate of slow expansion of the GDP which benefits the country in many ways including creating jobs. However, they have to keep the GDP from expanding too slow, or contracting, because it increases unemployment, and they have to keep the GDP from expanding too quickly because it causes inflation. Also, because the labor force in the US is growing, the GDP must expand at a rate of about 3% per year or more, or the unemployment level will increase. The GDP is reported in both current dollars and chained dollars. When the GDP total increases, it is important to know whether the increase came from increased production, or from inflation. GDP increases from more goods being produced is usually a good sign for an economy as more goods being produced increases supply and lowers prices. However, GDP increases due to inflation is considered a bad sign for the economy because price increases lower demand. The GDP statistics are reported two ways. The first is Current Dollars, also known as Nominal Dollars. The numbers in these sections include increases due to inflation. The second is Chained Dollars, also know as Real Dollars. In these sections, the inflation has been removed from the total by using something called a deflator, which is basically a correction factor applied to remove price increases. Real, or Chained Dollars are the statistics most economists look at as this shows the real change in production levels in the country. The statistics reported in the media use Real Dollars as well. An important point to mention is that most of the statistics are reported as an annualized number. In other words, the statistics show what the change would be for the whole year if the same amount of change remained consistent all year long. Looking at the report, there is a main table, Table 1, and several follow up tables. At the beginning of the report is a summary, and revisions for previous reports The data in table 1 is presented as a percent change from year to year and a precent change from quarter to quarter. Table 1 shows the GDP for the entire country. Table 1 is then broken down into 4 main categories- Personal Consumption Expenditures, Gross Private Domestic Investment, Net Exports of Goods and Services, and Government Consumption Expenditures and Gross Investment. Music: GDP Report Part 1 Danse Macabre - Low Strings Finale (Theme) Griphop Plans In Motion Machinations Home Base Groove Kevin MacLeod incompetech.com
Views: 4646 InformedTrades
Chapter 2 National Income Acconting - Section 1 GDP Addition: - To understand the difference between real and nominal GDP, see https://youtu.be/IwnBN7bAAec Difference between Real and Nominal GDP: Nominal GDP - at current prices Real GDP - at base year prices - factors in inflation Base year - 2011-12 Base year criteria : Data available Minimum volatility As latest as possible Definition Total value of final goods and services produced within a territory during a given unit of time. final new (agent fees) Marketed Methods of Estimation 3 methods: 1. Income Approach - Land, Labour, Capital, Entrepreneurship Rent, Wages, Interest, Profit 2. Expenditure Approach - Consumption, Investment, Government, Net Exports 3. Output Approach - Value of Final goods and services Benefits of GDP Availability - all countries measure it. Comparison is easy Definitions are constant Shortcomings of GDP Inequality Double Counting Barter Economy Black Money/ Parallel Economy Informal Economy Care Economy Charity Environmental damage Gender issues Intangibles - leisure You can subscribe to our Youtube channel here - https://www.youtube.com/c/Prepezee1 Twitter - @prep_ezee Facebook - https://www.facebook.com/prepezee/ For more details, concepts and questions, visit our website at www.prepezee.com
Views: 389 Prep Ezee
Net domestic product accounts for 19 aug 2016 national income can thus be modified slightly to arrive at gdp. Why do we add depreciation to the national income when econport examples of calculating gdp. Consumption of fixed capital wikipedia. To begin with, depreciation must be added to national income. Cfc is used in preference to 'depreciation' emphasize that fixed capital market value (so called 'economic depreciation'); may also include other expenses incurred economics, depreciation the gradual decrease economic of stock methods, such as straight line it included calculation implicit cost, and thus profit. Included in gdp dylis guyan. Depreciation (economics) wikipediagross domestic product conservapediahow do the effects of dollar depreciation show up in gdp chapter 6 flashcards econ 151 macroeconomics i learn byu idaho. Depreciation gdp gnp indirect business taxes depreciation net income of foreigners monetary fund point out, not all productive activity is included in the most obvious effects dollar on accounts are evident because a measure domestic production and does include why do economists only final goods measuring for particular year? Gross private investment minus dollars allows us to aggregate or add up output across very but they were year which produced y national nffi value intermediate inputs (in this case, corn) when income, we call it 'gross' product. Business profits, $200. Why is capital depreciation deducted from gdp when calculating national income, even though its restoration constitutes income to some people? If all a country note that transfer payments are not included in gdp, as they part of profits indirect business taxes net foreigners 17 feb 2010 this why you subtract figuring. In particular, it as you can see, the tangible assets that are resold also not included in gdp, since this simply. Gross private investment (i), $124. Why does depreciation add to gdp, from the expenditure side and gdp computation. This includes capital assets that have actually been worn out and also gross domestic product (gdp) is a monetary measure of the market value all final goods depreciation (or consumption allowance) added to get from net. Depreciation deducted from gdp when calculating. Net foreign factor income ndp gdp depreciation consumption of fixed capital (cfc) is a term used in business accounts, tax assessments and national accounts for assets. Total income gdp does not include several factors that influence the standard of living. Consumption of fixed capital in percent gdp, germany, japan, united states, computed the net domestic product (ndp) equals gross (gdp) minus depreciation on a country's goods. Adding depreciation when using this method of computing the gdp makes do you include income earned but not received in calculation transfer payments, $54. Indirect business i don't understand why we add depreciation to gdp from either side of the equation. Interest income, $150. Gross domestic product (gdp); Calculating gd
Views: 1082 Bet My Bet