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What is Gross Domestic Product (GDP)?
 
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Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Gross domestic product (GDP) Comparison
 
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Comparison of money by countries in US dollars. Not all countries, only some. Source: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) ---My websites----- -Blog: http://alvarograciamontoya.blogspot.com.es/2017/01/producto-interno-bruto-pib-comparacion.html -Facebook: https://www.facebook.com/metaballstudios/
Views: 971543 MetaBallStudios
Gross Domestic Product – Economic Lowdown, Ep. 7
 
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GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In the seventh episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-7-gross-domestic-product
The Gross Domestic Product (GDP) and Government Revenue Explained in One Minute
 
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A one-minute video which explains what the Gross Domestic Product (GDP) is, what government revenue is and why people frequently confuse the two terms. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 35432 One Minute Economics
WHAT IS GDP ?? IN HINDI EXPLAINED
 
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HELLO FREINDS..Is video me hum dekhenge ki GDP ( Gross Domestic Product ) qa hota h. aur kaise koi country apna gdp calculate krti h . asha hai aapko video pasand ayega. Mutual funds,Banking,Finance se related info k liye SUBSCRIBE kijiye. Facebook: https://www.facebook.com/MARKETMAESTROO
Views: 200343 Market Maestroo
Macro Unit 2.1- GDP and Economic Growth
 
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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: 368083 Jacob Clifford
What is Gross Domestic Product (GDP)?
 
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This video defines the value-added GDP and details how it is measured. Transcript: http://www.statcan.gc.ca/eng/sc/video/gdp
Views: 42966 Statistics Canada
How GDP is calcualted in India | National Income | Gross Domestic Product Calculation
 
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Support us : https://www.instamojo.com/@exambin/ Download our app : http://examb.in/app GDP or National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. While uncoding the definition we can easily figure out what is GDP. Measuring the level and rate of growth of national income (Y) is important for keeping track of: • The rate of economic growth • Changes to living standards • Changes to the distribution of income between groups within the population Gross Domestic Product • Gross domestic product (GDP) is the total value of output produced in a given time period • GDP includes the output of foreign owned businesses that are located in a nation following foreign direct investment. For example, the output produced at the Nissan car plant in Chennai contributes to the India’s GDP how gdp is calculated in india,how gdp is calculated There are three ways of calculating GDP - all of which in theory should sum to the same amount: National Output = National Expenditure (Aggregate Demand) = National Income (i) The Expenditure Method - Aggregate Demand (AD) The full equation for GDP using this approach is GDP = C + I + G + (X-M) where • C= Consumer spending • I = Investment (Gross fixed Capital Formation) • G= Government Spending • X= Exports • M= Imports ii. The Income Method – adding together factor incomes GDP is the sum of the incomes earned through the production of goods and services. This is: how gdp is calculated in india with example,gdp of india Income from people in jobs and in self-employment (e.g. wages and salaries) • + • Profits of private sector businesses • + • Rent income from the ownership of land • = • Gross Domestic product (by sum of factor incomes) Every year, billions of pounds worth of activity is not declared to the tax authorities. This is known as the shadow economy. And the money involved is commonly known as Black Money. Published figures for GDP by factor incomes will be inaccurate because much activity is not officially recorded. iii. GDP by Output (Value Added) Gross Value Added and Contributions to a nation’s GDP • There are three main wealth-generating sectors in an economy – manufacturing and construction, primary (including oil& gas, farming, forestry & fishing) and a wide range of service-sector industries. • This measure of GDP adds together the value of output produced by each of the productive sectors in the economy using the concept of value added. . gdp full form, gnp and gdp Value added is the increase in the value of goods or services as a result of the production process Value added = value of production - value of intermediate goods Say you buy an Onion Dosa from a restaurant for Rs.60/-. This is the retail price and will count as consumption. The Dosa has many ingredients at stages of the supply chain – Rice Growing farmers, Batter Makers, Onion Producers, Various Masala Ingredient Makers and also the value created by the restaurant as they put the Dosa together and deliver to the consumer. Manufacturing & Industrial Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction. In 2016, the Indian manufacturing and Industrial sector accounted for 29% of total Indian GDP. national income,how gdp affects the economy,how gdp growth rate is calculated Manufacturing in the World Economy • The creative force behind 10bn unique products • It accounts for 15-20 per cent of world economy • It employs roughly about 5 pc of world population) The main service sector industries in India are: gdp how to calculate,how gdp is calculated in india, • The majority of Indian GDP comes from service industries such as banking and finance, software, tourism, retailing, education and health. In 2016, the service sector accounted for 54% of economic output, the Industry and manufacturing sector for 29% and the Agriculture sector for 17%. Agricultural and Allied Sector : gdp explained in telugu,gdp explained in tamil,gdp in simple language,gdp in simple words,gross domestic product,gross domestic product explained,Gross Domestic Product Calculation Agriculture sector includes Agriculture (Agriculture proper & Livestock), Forestry & Logging, Fishing and related activities AND its accounted for 17% of INDIA GDP 2016   Per Capita Gross National Income How much does each person earn on average? We use per capita measures to give us a guide to this. Income per capita is a way of measuring the standard of living for the inhabitants of a country. Gross National Income per capita = Gross National Income / Total Population
Views: 4064 Exambin
What is the Gross Domestic Product (GDP)?
 
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Gross Domestic Product is commonly referred to as GDP. The GDP is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. By Barry Norman, Investors Trading Academy.
Social Progress Imperative - "Gross Domestic Product (GDP)" - 321 FastDraw
 
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We created this FastDraw video for Social Progress Imperative to help explore why countries are measured as "successful" according to GDP throughout history, and promote a new call to action. ------------- What does a successful country look like? For 80 years, economic growth, measured in Gross Domestic Product or GDP, has been the usual measure of success. But isn't there more to life than money? How did GDP take over our lives? And where do we go from here? To answer this, we need to go back to 1932... America wants to know if its economy is recovering from the Great Depression. The government asks economist Simon Kuznets to develop a new measure. Kuznets introduces GDP to the world in January 1934. A decade later. World War 2 ends: nations look to economic growth for employment and basic goods and services to maintain a fragile peace and lead the way out of poverty. GDP comes into its own: the signpost on the path to a better world. Yet even Simon Kuznets himself issued a clear early warning: "The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP." Bobby Kennedy, speaking in 1968, warned the world against reading too much into GDP: "It does not allow for the health of our families, the quality of their education...it measures everything, in short, except that which makes life worthwhile." Economic growth, measured by GDP, has help lift millions out of poverty. But a focus on GDP alone masks real problems: GDP says nothing about sustainability or inequality. And GDP counts the money we spend on food or policing crime, and on manufacturing equipment or clearing up after natural disasters, all as "improvement" in our lives. It's time for a radically different, more direct approach to measuring social progress, one that measures what really matters in our lives. So major corporations and foundations have teamed with leading scholars to create The Social Progress Index. Not to replace GDP, but to complement it. To bring business, civil society, and government together around one set of data directly measuring social progress on the things that matter, like clean water, electricity, education, and opportunity for all. Now isn't that a better way of looking at the world than through a single economic lens? We are at the start of an exciting journey, and we want you to join us. To find out more, please visit our site: www.socialprogressimperative.org ----------- For more info, please visit http://www.321fastdraw.com/ Follow us on Facebook: http://www.facebook.com/321fastdraw Follow us on Twitter: http://www.twitter.com/321fastdraw Follow us on Google+: http://gplus.to/321fastdraw
Views: 2461 321fastdraw
Real GDP Per Capita and the Standard of Living
 
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They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Nominal vs. Real GDP
 
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"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light: real GDP. In the previous video, you learned about how to compute GDP. But what you learned to compute was a very particular kind: the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population. A lack of these controls produces a kind of mirage. For example, compare the US nominal GDP in 1950. It was roughly $320 billion. Pretty good, right? Now compare that with 2015’s nominal GDP: over $17 trillion. That’s 55 times bigger than in 1950! But wait. Prices have also increased since 1950. A loaf of bread, which used to cost a dime, now costs a couple dollars. Think back to how GDP is computed. Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services. Not to mention, the US population has also increased since 1950. As we said before: without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage. So, how do you calculate real GDP? That’s what you’ll learn today. In this video, we’ll walk you through the factors that go into the computation of real GDP. We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them. This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP. Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website. FRED will help you study how real GDP has changed over the years. It’ll show you what it looks like during healthy times, and during recessions. FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure: real GDP per capita. Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question: "Are we better off than we were all those years ago?" Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Gross domestic Product GDP (ACCA F1)
 
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A short video introducing the topic of Gross Domestic Product.
Views: 513 Accounting College
Parsing gross domestic product | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Understanding what GDP does and doesn't measure. Watch the next 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 Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/circular-flow-of-income-and-expenditures?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: 319986 Khan Academy
What is the gross domestic product (GDP)? | Made in Germany
 
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The gross domestic product is the ultimate yardstick of a country’s economy. An increase means companies are making profits and the economy is growing. But if there's negative economic growth for two consecutive quarters, however, it’s recession time. This is why all eyes and ears are on the business gurus and their forecasts for the GDP. More Made in Germany on: http://www.dw.de/program/made-in-germany/s-3066-9798
Views: 22164 DW English
Introduction to Gross Domestic Product
 
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This video introduces the concept of Gross Domestic Product (GDP) as a measure of aggregate output or income and describes what is included in GDP. 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: 63373 jodiecongirl
The Composition of Gross Domestic Product
 
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Measuring gross domestic product (GDP) gives us an idea of the total production of an economy over a particular period. GDP is made up of the total market value of all final goods and services produced in an economy (but that doesn’t include government transfers). The formula to remember is Y = C + I + G + X. • For more information, visit: https://www.policyed.org/econ1/composition-gross-domestic-product/video. • To view the other videos in the Econ 1 series, visit: http://bit.ly/2DARrrk • To view all of the online classwork to Econ 1: Principles of Economics, visit: http://stanford.io/2Gcqlp2 • To read John Cochrane’s blog post on “Consumption vs. GDP,” click here: http://bit.ly/2shMXRQ • Read John Taylor’s blog post on “The GDP Impact a U.S. Fiscal Consolidation Strategy,” available here: http://bit.ly/2shND9P • Read John Taylor’s blog post on “MacroMania on Nominal GDP Targeting and the Taylor Rule,” available here: http://bit.ly/2GYzEci
Views: 386114 PolicyEd
Calculating Gross Domestic Product
 
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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: 160041 jodiecongirl
Gross Domestic Product (GDP): What it Means & Why it Matters ☝
 
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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: 538 UKspreadbetting
Week 1 Macroeconomics and Gross Domestic Product (GDP) FULL
 
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Principles of macroeconomics; The General Theory of Employment, Interest and Money; John Maynard Keynes; Economic and macroeconomic study of individual decision making; scarce resources; market economy; market mechanism; market equilibrium; magic of markets; long run growth; fundamental theorem of welfare economics; optimal allocation of resources; no free lunch; Pareto optimality; John Maynard Keynes; The General Theory of Employment, Interest and Money; indicators and performance; gross domestic product (GDP) for United States (USA); recessions are an interruption of the increase of GDP; rate of inflation; unemployment; Political economy or economics is a study of mankind in the ordinary business of life; Alfred Marshall; hypothesising; hypothesizing; long run economic growth; macroeconomic themes; United States (USA) Federal Reserve (the Fed); monetary policy; interest rate targeting; GDP and inflation; cutting interest rates to encourage spending by firms and individuals; low interest rates; quantitative easing (QE); liquidity is pumped into the economy by the Federal Reserve buying assets in the private sector; encouraging aggregate spending in the economy; fiscal policy; government spending and tax; budget deficit or budget surplus; fiscal policy multiplier; government debt; raising living standards; sustainable public debt; sustainable private debt; per capita GDP; managing the business cycle; Ben Bernanke; Global Financial Crisis; monetary policy; central banks; inflation; household saving; Principles of macroeconomics; gross domestic product (GDP); United States (USA) imports and exports; flow of economic activity; stock; measure of economic activity; production; expenditure; income; Economic activity; production; intermediate good; final good; factors of production; labour; labor; capital; physical tangible assets that firms use; value added resources; consumption by households, government and foreigners; households consume durable goods; investment expenditure for future consumption; budget surplus; budget deficit;
Views: 16342 Melb Univ
WHAT IS GDP? (GROSS DOMESTIC PRODUCT) [Macroeconomics / Economic Data Releases]
 
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We explain what GDP (Gross Domestic Product) is, why it's important and how we calculate it. This is a basic topic in macroeconomics and it's also very important for traders and investors. GDP is one of the biggest data releases from any economy, so it's important to understand how it all works. We will also cover the circular flow of money and the difference between Nominal GDP and Real GDP. Our full online economics course is coming soon. ================ JOIN US TO LEARN TO TRADE FOR FREE: http://bit.ly/DuomoInnerCircle ================ SUBSCRIBE FOR MORE TRADING VIDEOS: http://bit.ly/DuomoYouTube ================ THE DUOMO TRADING PODCAST: http://bit.ly/DuomoPodcast (Available on iTunes, Stitcher, Soundcloud and more) ================ GET OUR FULL ONLINE COURSE: http://bit.ly/DuomoCourse ================ SOCIAL LINKS: Website: http://www.duomoinitiative.com Facebook: http://www.facebook.com/duomoinitiative Twitter: http://twitter.com/duomoinitiative Nicholas Puri Twitter: http://twitter.com/nikipuri Instagram: http://instagram.com/duomoinitiative Email: [email protected]
Draw Me The Economy: What is gross domestic product?
 
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Draw Me The Economy is a series of videos explaining the economic news, without political bias. It is a tool offered to all to aid understanding, thanks to the drawings of economic concepts that are part of our daily lives. http://www.drawmetheeconomy.com
Views: 8878 Dessine-moi l'éco
The U.S. Gross Domestic Product (GDP)
 
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To understand American business history, follow the trends. See how America was settled over time, how people moved from farms to cities, how gross national product grew, how stocks went up and down, and how income was distributed. One thing is certain: in business, things constantly change. This video is featured in the "Constant Change" section of the American Enterprise exhibition at the Smithsonian's National Museum of American History. Section link: americanhistory.si.edu/american-enterprise-exhibition/videos/constant-change Exhibition link: americanhistory.si.edu/american-enterprise
Euronews - The Gross Domestic Product explained
 
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http://www.emanuelecolombo.it http://www.twitter.com/ema_colombo Client: Euronews // European Commission Agency: Latte Creative My role: Illustration, motion design, sound design Producers: Valentina Carta, Chiara Reid Voice Over: Natalya Bykov Euronews is a European, multilingual news television channel available in 155 countries all over the world. I was commissioned to produce this animation for a show called "Real Economy." It is the pilot of a series of 20 short videos, each trying to explain a specific economic concept in a simple and engaging way.
Views: 47514 Emanuele Colombo
Limitations of GDP (gross domestic product)
 
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GDP is the most widely used measurement used to determine whether a country's economy is succeeding or failing. But it has several limitations that make it an imperfect indicator of society's overall well-being. In this video we'll examine what GDP does well, and importantly what it does not do well. For more resources for economics students and teachers visit http://econclassroom.com
Views: 1396 Jason Welker
What The Heck Is GDP?
 
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GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
63. The Components of the Gross Domestic Product (GDP)
 
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http://www.informedtrades.com/ The second lesson in a series on trading and how the components which make up the Gross Domestic Product number affect the stock, futures, and forex markets. Link to this lesson on InformedTrades.com: http://www.informedtrades.com/14918-trading-news-gross-domestic-product-part-gdp-part-2-a.html In addition to looking at the growth or lack thereof in the overall GDP number, traders will also look at the growth or lack there of in the different components that make up the number. As GDP represents the value of everything in an Economy you can imagine the amount of data that goes into compiling the number, much of which is published for market participants to view. By looking at the different pieces which make up GDP we can get a good picture of what is happening not only with the overall economy but with all the different components of the economy which are reported on to come up with the final number. . Now we could spend many lessons going over all the data that is in this report. The goal here however is to build a framework for understanding the major components so we as traders can understand what is going on when the market reacts to certain pieces of the report and will recognize when to dig deeper for more information on what is happening in a certain sector. The broad categories that it is important to have an understanding of are: 1. Personal Consumption Expenditures -- as over 65% of the US economy is made up of this category, what the individual consumer is doing ie the growth or lack thereof in their consumption, as well as on what goods and services they are spending their money on is heavily focused on. 2. Private Investment - This includes purchases of things such as computers, equipment and inventories (known as fixed assets) by businesses, purchases of homes by individuals, and of businesses investing in inventories of goods to sell. These are all obviously important things, as how much businesses are investing is a good indication of how they feel about future growth prospects, and how much growth the housing market is experiencing is also an important component of the economy. 3. Government Spending -- this includes pretty much everything the government spends money on besides social programs. 4. Exports -- Imports -- an important number which shows how wide the gap is between how much the country exports and how much it imports. What the GDP number is going to give you a feel for is how much each of the above grew for the quarter and what their overall contribution to the economy was. The above numbers will then be broken down into more detailed numbers which go into compiling the final number for the above 4 categories.
Views: 14079 InformedTrades
What Is GDP?
 
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What is GDP and why should you even care? Find out in 2 minutes! Host: Wala'a El Barasse
Views: 456502 imf
What is GDP ? - Basic Concept (Urdu)
 
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GDP is a very handy method of identifying a country's growth and economic condition. This term is widely used on TV, Social media, radio, NEWS papers and especially used by our politicians. However, a huge number of people still do not understand GDP. In this video I have tried to explain this concept in a basic and simplified manner. Link for Appendix video: https://youtu.be/gboZFvM2HYI I have taken references from the following sources: -https://en.wikipedia.org/wiki/Gross_domestic_product -https://en.wikipedia.org/wiki/Simon_Kuznets -https://www.thesolutionsjournal.com/article/a-short-history-of-gdp-moving-towards-better-measures-of-human-well-being/ -https://www.youtube.com/watch?v=rGqhTQyY6g4 Background Music: Cool Ride by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://audionautix.com/
Views: 45675 Random Guy
What is GDP? | CNBC Explains
 
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It’s the king of economic statistics. Gross domestic product is an important tool to measure the health and strength of a country’s economy, but it doesn’t always give a full picture. So how does GDP work? CNBC’s Elizabeth Schulze explains. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 87418 CNBC International
Gross Domestic Product (GDP) for Kids
 
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In this episode of Business and Economics for Kidz, students can learn what GDP is, and what it indicates. Background Picture: Backgrounds for Green Screen Videos. (n.d.). Retrieved February 13, 2016, from http://careerconfidential.com/stationary-and-motion-backgrounds/
GDP Gross Domestic Product in the Forex Market
 
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Good morning traders, With the very important GDP figures coming out shortly from the GBP I thought it was time to go into how the GDP works and how it effects Forex traders. This video breaks down the key concepts and explains how it will effect the general economy of the country that the GDP represents. As well as what we can expect as Forex traders from the news results. If you can watch the upcoming GDP from the British Pound tomorrow, I strongly suggest you keep the chart open as well as the economic calendar from www.jpmarkets.co.za so you can see for yourself. If the results are close to what was expected then we won't see a massive move, but still worth watching. With the GBP at a pivotal moment this could the the fundamental indicator that gives us a good long term trend to jump in on!
Views: 115 JP Markets
Episode 132: How to Measure Gross Domestic Product
 
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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb View additional videos from Alanis Business Academy and interact with us on our social media pages: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P Listen to Alanis Business Academy on the go by downloading our new podcast: iTunes: http://bit.ly/1dwKyWi Stitcher: http://bit.ly/PvPjoa Tunein: http://bit.ly/1gLsDH4 Gross domestic product, often referred to as GDP, is the total market value of all goods and services produced within a nation's borders over a specified period of time. Considered to be the income of a country, GDP is the most widely cited indicator and used to gauge the health of a nation's economy. In this video we'll discuss some of the different sources of spending included in the over gross domestic product of a country. After watching this video you'll have a better understanding of GDP as well as what is included in this popular indicator.
Fundamentals of Macroeconomics Unit:  The Difference Between GDP vs. GNP
 
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Hey Everyone, This is video 5 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright
Gross Domestic Product (GDP)
 
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Gross Domestic Product (GDP) is the monetary value, in local currency, of all final economic goods and services produced within a country during a specific period of time. Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/economics/gdp-formula/
Chapter 23 Gross Domestic Product (GDP)
 
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Using the slides from Mankiw's "Principles of Economics" textbook
Views: 3502 T M Tonmoy Islam
GDP explained | What is GDP? | How is GDP calculated? | Income vs Expenditure Approach
 
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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
Gross Domestic Product (GDP)—Nominal GDP, Real GDP, & the GDP Deflator
 
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In this video Heimler explains how to understand and calculate a nation's Gross Domestic Product.
Views: 283 Steve Heimler
Gross Domestic Product | Economics | GDP | స్థూల దేశీయోత్పత్తి | Telugu
 
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స్థూల దేశీయోత్పత్తి అనగా ఏమిటి...? దానిని ఎలా నిర్వచిస్తారు...? స్తూలదేశీయోత్పత్తిని లేక్కిస్తున్నప్పుడు మాధ్యమిక వస్తువులను లెక్కించకుండా అంతిమ వస్తువులను మాత్రమే ఎందుకు లెక్కించాలి...? వంటి సందేహాలన్నీ తీరేలా మంచి ఉదాహరణలతో మరియూ మంచి యానిమేషన్స్ తో ఈ వీడియో మీకు విలువైన విజ్ఞానాన్ని అందిస్తుంది.
Views: 28222 Digital Reading
Gross Domestic Product: What GDP Means for Traders and Investors
 
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How to trade Gross Domestic Product (GDP) by Rowena Harris-Doughty of LCG http://www.financial-spread-betting.com/spreadbetting/LCG-compare.htm Learn more about trading GDP, its importance as a key indicator and the factors that influence GDP data. This important piece of economic data can cause wild swings in the financial markets. GDP is the broadest overall benchmark of economic activity and quantifies the production of goods and services within a given country. It is arguably one of the most important economic statistics and is calculated by adding up all expenditures on all final goods and services produced during the year.
Views: 1394 UKspreadbetting
Gross Domestic Product (GDP)- INE Spain
 
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It is described what gross domestic product (GDP) is, who calculates it, for which purpose it is used and how and when it is published.
Views: 1320 INEDifusion
How to calculate Gross Domestic Product (GDP)
 
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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: 21525 LeonAcademy dot org
Robert F. Kennedy challenges Gross Domestic Product
 
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Forty years ago, Robert F. Kennedy challenged the basic way we measure progress and well-being in America. Today, the Glaser Progress Foundation is raising the same questions through a new medium. The Seattle-based foundation released a new web video marking the anniversary of a famous speech in which Kennedy said the Gross Domestic Product counts "everything, in short, except that which makes life worthwhile."
Views: 217801 ipyramid
Measuring Gross Domestic Product (GDP) (IB/CBSE Economics)
 
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This video explains the different approaches for measuring Gross Domestic Product or GDP. The expenditure approach, income approach and output approach.
Views: 536 PerfectScores
What is GDP ? | How to calculate GDP ?? Hindi Explained.
 
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What is GDP ? | How to calculete GDP ?? Hindi Explained. Hello Friends.... This video is for Basics of GDP, Easy to understand hope you like. Please share this knowlage with your friends. ** Got Copyright on my #Vlog7 !! Link :- https://www.youtube.com/watch?v=wh4QaWd0ZDM Copyright Vlog Link : https://www.youtube.com/watch?v=hUoHC... Gears I Used for this Videos & Other Best buy Links. 1. Tripod :http://amzn.to/2nHXJ03 2. Mini Tripod : http://amzn.to/2nHWXjs 3. Mobile Camera : http://amzn.to/2mMw12R, http://amzn.to/2nI2ir9 4. Best Buy Links For Camera : http://amzn.to/2mMBW89 5. 32 GB Memory Card : http://amzn.to/2neLWmR 6. My Selfie Stick : http://amzn.to/2nI61VF #vlog 3 | New Logo Risinginfo | Google Adsence Link : Benefits of Cashless Economy : https://www.youtube.com/watch?v=IGlaX... 1st Vlog Celebration of Ganesh Chaturthi #RisingInfo https://www.youtube.com/watch?v=CrzcU... Thank you for watching. Share my videos with your friends, to get update please subscribe now, ▷ CONNECT with us!! : Web Site ♥ Subscribe : http://www.youtube.com/c/RisingInfo ♥ Facebook : https://goo.gl/1p38so ♥ Twitter : https://twitter.com/RisingInfoKittu ♥ Instagram : https://www.instagram.com/risinginfo/ ♥ Google + : https://plus.google.com/u/0/+RisingInfo ♥ BUSINESS INQUIRY ♥ [email protected] DISCLAIMER: The information provided on this channel and its videos is for general purposes only and should NOT be considered as professional advice. We always try our best to provide accurate information and sound advice but please note that we are not a licensed professional or a medical practitioner so always make sure you consult a professional in case of need. All products/services reviewed on this channel have been purchased by me unless stated otherwise. We always try to keep our channel and its content updated but we cannot guarantee it. All opinions expressed here are our own and we are not compensated by any brand, advertiser, PR representative or affiliate for the same unless explicitly stated in our videos and/or description box. We never try to push products on anyone but we do make recommendations based on our personal experience. In case you need to use our content for any purpose please write to us -: [email protected]
Views: 93769 RisingInfo
Unacademy Economics: Gross Domestic Product - GDP - Constant & Current Prices
 
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Watch the entire economics collection here: https://unacademy.in/collection/introduction-to-economics-by-israel-jebasingh For more educational lessons by top educators visit http://unacademy.in This lesson explains the concept of GDP: Constant & Current Prices Unacademy Contribute - you can leave an optional fee for the educators teaching on Unacademy here http://imojo.in/7hrsl2
Views: 55728 Unacademy
Gross Domestic Product
 
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✅ SUBSCRIBE: https://goo.gl/tYpMcp 👍 Visit our website for help on any subject or test! https://goo.gl/AsjYfS Learn more about Gross Domestic Product and how it measures a nation's economic output. Know more about GDP to be better prepared for your exam. Mometrix Academy is the world's most comprehensive test preparation company. This channel will provide you with videos that will help you learn about many different subjects. ►Mometrix Homepage: http://www.mometrix.com ►Academy Homepage: https://www.mometrix.com/academy/ ►Mometrix Flashcards: http://www.flashcardsecrets.com/ ►Follow Mometrix Academy on Pinterest: https://www.pinterest.com/mometrixacademy/ ►Mometrix Test Preparation Academy: http://goo.gl/1A9qj7 ►Visit: http://www.mometrix.com/academy/gross-domestic-product/ Economics: ►Basics of Market Economy https://youtu.be/SSByXm6QNx8 ►Forms of Economics https://youtu.be/IDdjLWtIcPQ ►Classification of Markets https://youtu.be/ob9ELjMcdIE ►Market Failure https://youtu.be/HuKqLKkDWxQ ►Market Forms https://youtu.be/K7-Mx-fqlI0 ►Marketing Plan https://youtu.be/5Pcgf6STRhg ►Microeconomics and Macroeconomics https://youtu.be/1q3aumgk4Vw ►Modes of Operation https://youtu.be/6v64TNlxCWU ►Opportunity Cost https://youtu.be/MohixwTFua0 ►How Banks Function https://youtu.be/lYFB7ApExq4Economics: ►Basics of Market Economy https://youtu.be/SSByXm6QNx8 ►Forms of Economics https://youtu.be/IDdjLWtIcPQ ►Gross Domestic Product https://youtu.be/5mO72VfvMSs ►Classification of Markets https://youtu.be/ob9ELjMcdIE ►Market Failure https://youtu.be/HuKqLKkDWxQ ►Market Forms https://youtu.be/K7-Mx-fqlI0 ►Marketing Plan https://youtu.be/5Pcgf6STRhg ►Microeconomics and Macroeconomics https://youtu.be/1q3aumgk4Vw ►Modes of Operation https://youtu.be/6v64TNlxCWU ►Opportunity Cost https://youtu.be/MohixwTFua0 ►How Banks Function https://youtu.be/lYFB7ApExq4
Views: 2951 Mometrix Academy

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