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Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
Автор: Inspirare
Загружено: 2016-03-16
Просмотров: 26363
Описание:
In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure.
Some subtopics covered in this series:
the definition of GDP
the circular flow of expenditure
differentiating net and gross
the expenditure approach to calculating GDP
the income approach to calculating GDP
differentiating between nominal and real GDP
calculating real GDP using the base-year method and the chained-dollar method
evaluating real GDP
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