In economics, gross means before deductions or expenses. The antonym is net, meaning after deductions.
Usage
Gross may be used as an adjective, following the noun which it modifies, e.g., "earned two million dollars, gross". It may also be used as a verb, e.g., "this movie grossed two million dollars on its opening weekend".
Gross! is a cartoon television show that aired on children's channel Discovery Kids. It was presented by Jason Bradbury. Gross! used to be shown on Discovery Kids every week.
In English and related languages, several terms involving the words "great" or "gross" (possibly, from French:grosse thick) relate to numbers involving multiples of exponents of twelve (dozen):
A gross refers to a group of 144 items (a dozen dozen or a square dozen).
A great gross refers to a group of 1728 items (a dozen gross or a cubic dozen).
A small gross or a great hundred refers to a group of 120 items (ten dozen).
A gross may be abbreviated as "gr" or "gro".
The continued use of these numbers in measurement and counting represents a continuation of the tradition of the duodecimal number system in everyday life and has encouraged groups such as the Duodecimal Society of America to advocate for a wider use of such a numbering system in place of decimal.
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 ...
published: 18 Nov 2015
Calculating Gross Domestic Product
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
What is Gross Domestic Product?
And how does each country calculate its gross domestic product?
Find the answer through this video!
----------
Apa itu Gross Domestic Product (Produk Domestik Bruto)?
Dan gimana sih tiap negara itu menghitung GDP atau PDBnya?
Temukan jawabannya di video ini ya..
Jangan lupa SHARE dan SUBSCRIBE Youtube Channel ini ya..
Semoga bermanfaat dan makin banyak orang yang dapetin manfaatnya.
God bless..
published: 03 Sep 2020
Gross Domestic Product – Economic Lowdown
#teachecon #economiceducation
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. Scott Wolla of the St. Louis Fed 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.
Part of the Economic Lowdown Video Series. Instructors, learn more at: https://www.stlouisfed.org/education/economic-lowdown-video-series/
published: 07 Oct 2014
What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND TEACHER MEMBERSHIPS INCLUDE:
Over 400+ Video Lessons!
Over 1000+ Downloadable Documents!
- Study Notes
- Vocabulary Lists
- Key Terms and Concepts
- Review Questions
- IB Exam Review Questions
"This website saved my IB Diploma! They are informative, funny, entertaining!" - IB Student Member
"As a NEW IB Economics teacher, Brad's workshops & resources saved me!" - IB Teacher Member
"Brad's IB Teacher Workshops are the best in the market place!" - IB Workshop Attendee 2021
STUDENT MEMBERSHIPS | IB ECONOMICS
Class of 2022: https://www.bradcartwright.com/bundles/student-subscription-class-of-2022
Class o...
published: 22 Mar 2016
GDP and the Circular Flow- Macro Topic 2.1
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If yo...
published: 11 Sep 2019
PROFIT | GROSS PROFIT | NET PROFIT | PART-1
In this video, I explained the meaning and types of profit.
MEANING OF PROFIT:
Profit is a factor income which is earned by the entrepreneur. Profit is considered as a reward for making innovations, taking risk and uncertainties of market imperfections.
TYPES OF PROFIT:
Profit is mainly two types which are as follow:
(1) GROSS PROFIT: Gross profit is commonly known as business profit. It is the difference between total revenue and explicit costs. It includes the interest on entrepreneur's own capital, wages of entrepreneur's own labour, rent on entrepreneur's own land, net profit and depreciation charges.
(2) NET PROFIT:
Net profit is known as Economic or Pure profit. It is the difference between total revenue and total cost. It includes income for following six elements:
Reward for R...
published: 30 Dec 2020
Macro: Unit 1.2 -- Gross Domestic Product
Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expenditure and income approaches used to count GDP
- Discuss how GDP is used
- Identify what is and what is not included when calculating gross domestic product
- Practice calculating nominal GDP and the percentage change in GDP
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
https://www.teacherspayteachers.com/Product/Gross-Domestic-Product-Activity-3090010
Follow our store on Teachers Pay Teachers
https://www.teacherspayteachers.com/S...
Look for us on Social Media:
Instagram -- http://www.instagram.com/youwillloveh...
Facebook -- http://www.facebook....
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 ea...
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/2JjphSP
Interactive practice questions: https://mru.io/xrt
Next video: https://bit.ly/2UHwvoV
Help us caption & translate this video!
http://amara.org/v/HZv3/
00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
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/2JjphSP
Interactive practice questions: https://mru.io/xrt
Next video: https://bit.ly/2UHwvoV
Help us caption & translate this video!
http://amara.org/v/HZv3/
00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage ...
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
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
What is Gross Domestic Product?
And how does each country calculate its gross domestic product?
Find the answer through this video!
----------
Apa itu Gross D...
What is Gross Domestic Product?
And how does each country calculate its gross domestic product?
Find the answer through this video!
----------
Apa itu Gross Domestic Product (Produk Domestik Bruto)?
Dan gimana sih tiap negara itu menghitung GDP atau PDBnya?
Temukan jawabannya di video ini ya..
Jangan lupa SHARE dan SUBSCRIBE Youtube Channel ini ya..
Semoga bermanfaat dan makin banyak orang yang dapetin manfaatnya.
God bless..
What is Gross Domestic Product?
And how does each country calculate its gross domestic product?
Find the answer through this video!
----------
Apa itu Gross Domestic Product (Produk Domestik Bruto)?
Dan gimana sih tiap negara itu menghitung GDP atau PDBnya?
Temukan jawabannya di video ini ya..
Jangan lupa SHARE dan SUBSCRIBE Youtube Channel ini ya..
Semoga bermanfaat dan makin banyak orang yang dapetin manfaatnya.
God bless..
#teachecon #economiceducation
GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large,...
#teachecon #economiceducation
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. Scott Wolla of the St. Louis Fed 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.
Part of the Economic Lowdown Video Series. Instructors, learn more at: https://www.stlouisfed.org/education/economic-lowdown-video-series/
#teachecon #economiceducation
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. Scott Wolla of the St. Louis Fed 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.
Part of the Economic Lowdown Video Series. Instructors, learn more at: https://www.stlouisfed.org/education/economic-lowdown-video-series/
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND T...
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND TEACHER MEMBERSHIPS INCLUDE:
Over 400+ Video Lessons!
Over 1000+ Downloadable Documents!
- Study Notes
- Vocabulary Lists
- Key Terms and Concepts
- Review Questions
- IB Exam Review Questions
"This website saved my IB Diploma! They are informative, funny, entertaining!" - IB Student Member
"As a NEW IB Economics teacher, Brad's workshops & resources saved me!" - IB Teacher Member
"Brad's IB Teacher Workshops are the best in the market place!" - IB Workshop Attendee 2021
STUDENT MEMBERSHIPS | IB ECONOMICS
Class of 2022: https://www.bradcartwright.com/bundles/student-subscription-class-of-2022
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TEACHER WORKSHOPS, MEMBERSHIPS, AND RESOURCES | IB ECONOMICS
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IB TEACHER WORKSHOPS:
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Check the latest: https://www.bradcartwright.com/pages/teacher-workshops
YEARLY SCHOOL MEMBERSHIP | IB ECONOMICS
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ON-SITE AND ZOOM PROFESSIONAL DEVELOPMENT WORKSHOPS
Contact Information: [email protected]
THE WORLD IS OUR CLASSROOM!
Stay safe out there,
Brad
----------------------------
Facebook: https://www.facebook.com/bradleyocartwright/
Instagram: https://www.instagram.com/bradleyocartwright/
----------------------------
*
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND TEACHER MEMBERSHIPS INCLUDE:
Over 400+ Video Lessons!
Over 1000+ Downloadable Documents!
- Study Notes
- Vocabulary Lists
- Key Terms and Concepts
- Review Questions
- IB Exam Review Questions
"This website saved my IB Diploma! They are informative, funny, entertaining!" - IB Student Member
"As a NEW IB Economics teacher, Brad's workshops & resources saved me!" - IB Teacher Member
"Brad's IB Teacher Workshops are the best in the market place!" - IB Workshop Attendee 2021
STUDENT MEMBERSHIPS | IB ECONOMICS
Class of 2022: https://www.bradcartwright.com/bundles/student-subscription-class-of-2022
Class of 2023: https://www.bradcartwright.com/bundles/student-subscription-class-of-2023
TEACHER WORKSHOPS, MEMBERSHIPS, AND RESOURCES | IB ECONOMICS
Teacher Memberships: https://www.bradcartwright.com/bundles/teacher-monthly-subscription
Teacher Workshops: https://www.bradcartwright.com/pages/teacher-workshops
Teacher Resource eBooks: https://www.bradcartwright.com/pages/ib-economics-teacher-resource-ebooks
Teacher Mentoring Program: https://www.bradcartwright.com/courses/teacher-mentoring-program
Yearly School Membership: https://www.bradcartwright.com/bundles/school-membership-ib-economics
IB TEACHER WORKSHOPS:
Check the latest: https://www.bradcartwright.com/pages/teacher-workshops
IB COORDINATOR WORKSHOPS:
Check the latest: https://www.bradcartwright.com/pages/teacher-workshops
YEARLY SCHOOL MEMBERSHIP | IB ECONOMICS
School Membership: https://www.bradcartwright.com/bundles/school-membership-ib-economics
ON-SITE AND ZOOM PROFESSIONAL DEVELOPMENT WORKSHOPS
Contact Information: [email protected]
THE WORLD IS OUR CLASSROOM!
Stay safe out there,
Brad
----------------------------
Facebook: https://www.facebook.com/bradleyocartwright/
Instagram: https://www.instagram.com/bradleyocartwright/
----------------------------
*
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George W...
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
In this video, I explained the meaning and types of profit.
MEANING OF PROFIT:
Profit is a factor income which is earned by the entrepreneur. Profit is consider...
In this video, I explained the meaning and types of profit.
MEANING OF PROFIT:
Profit is a factor income which is earned by the entrepreneur. Profit is considered as a reward for making innovations, taking risk and uncertainties of market imperfections.
TYPES OF PROFIT:
Profit is mainly two types which are as follow:
(1) GROSS PROFIT: Gross profit is commonly known as business profit. It is the difference between total revenue and explicit costs. It includes the interest on entrepreneur's own capital, wages of entrepreneur's own labour, rent on entrepreneur's own land, net profit and depreciation charges.
(2) NET PROFIT:
Net profit is known as Economic or Pure profit. It is the difference between total revenue and total cost. It includes income for following six elements:
Reward for Risk Taking
Reward for Uncertainty
Reward for Ability
Monopoly Gain
Windfall Gains
Reward for Innovation
----------------------------------------------
Send your Queries on:- [email protected]
Follow me on Facebook :- https://www.facebook.com/Sheenu-Economics-Classes-100932778408124
#SHEENUECONOMICSCLASSES
In this video, I explained the meaning and types of profit.
MEANING OF PROFIT:
Profit is a factor income which is earned by the entrepreneur. Profit is considered as a reward for making innovations, taking risk and uncertainties of market imperfections.
TYPES OF PROFIT:
Profit is mainly two types which are as follow:
(1) GROSS PROFIT: Gross profit is commonly known as business profit. It is the difference between total revenue and explicit costs. It includes the interest on entrepreneur's own capital, wages of entrepreneur's own labour, rent on entrepreneur's own land, net profit and depreciation charges.
(2) NET PROFIT:
Net profit is known as Economic or Pure profit. It is the difference between total revenue and total cost. It includes income for following six elements:
Reward for Risk Taking
Reward for Uncertainty
Reward for Ability
Monopoly Gain
Windfall Gains
Reward for Innovation
----------------------------------------------
Send your Queries on:- [email protected]
Follow me on Facebook :- https://www.facebook.com/Sheenu-Economics-Classes-100932778408124
#SHEENUECONOMICSCLASSES
Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expendi...
Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expenditure and income approaches used to count GDP
- Discuss how GDP is used
- Identify what is and what is not included when calculating gross domestic product
- Practice calculating nominal GDP and the percentage change in GDP
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
https://www.teacherspayteachers.com/Product/Gross-Domestic-Product-Activity-3090010
Follow our store on Teachers Pay Teachers
https://www.teacherspayteachers.com/S...
Look for us on Social Media:
Instagram -- http://www.instagram.com/youwillloveh...
Facebook -- http://www.facebook.com/youwilllovehi...
Subscribe to our YouTube Channel:
https://www.youtube.com/youwillloveeconomics
Check out our website for teaching tips and insight from us: https://sites.google.com/view/you-wil...
Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expenditure and income approaches used to count GDP
- Discuss how GDP is used
- Identify what is and what is not included when calculating gross domestic product
- Practice calculating nominal GDP and the percentage change in GDP
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
https://www.teacherspayteachers.com/Product/Gross-Domestic-Product-Activity-3090010
Follow our store on Teachers Pay Teachers
https://www.teacherspayteachers.com/S...
Look for us on Social Media:
Instagram -- http://www.instagram.com/youwillloveh...
Facebook -- http://www.facebook.com/youwilllovehi...
Subscribe to our YouTube Channel:
https://www.youtube.com/youwillloveeconomics
Check out our website for teaching tips and insight from us: https://sites.google.com/view/you-wil...
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/2JjphSP
Interactive practice questions: https://mru.io/xrt
Next video: https://bit.ly/2UHwvoV
Help us caption & translate this video!
http://amara.org/v/HZv3/
00:00 GDP Definition
00:27 Finished Goods
01:33 Capital Goods
02:00 Produced Goods
02:46 Market Value
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
What is Gross Domestic Product?
And how does each country calculate its gross domestic product?
Find the answer through this video!
----------
Apa itu Gross Domestic Product (Produk Domestik Bruto)?
Dan gimana sih tiap negara itu menghitung GDP atau PDBnya?
Temukan jawabannya di video ini ya..
Jangan lupa SHARE dan SUBSCRIBE Youtube Channel ini ya..
Semoga bermanfaat dan makin banyak orang yang dapetin manfaatnya.
God bless..
#teachecon #economiceducation
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. Scott Wolla of the St. Louis Fed 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.
Part of the Economic Lowdown Video Series. Instructors, learn more at: https://www.stlouisfed.org/education/economic-lowdown-video-series/
FILLING THE GAP between what the IB EXPECTS you to do and how to ACTUALLY DO IT in the IB ECONOMICS classroom! https://www.bradcartwright.com.
STUDENT AND TEACHER MEMBERSHIPS INCLUDE:
Over 400+ Video Lessons!
Over 1000+ Downloadable Documents!
- Study Notes
- Vocabulary Lists
- Key Terms and Concepts
- Review Questions
- IB Exam Review Questions
"This website saved my IB Diploma! They are informative, funny, entertaining!" - IB Student Member
"As a NEW IB Economics teacher, Brad's workshops & resources saved me!" - IB Teacher Member
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In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks for watching.
The answers to the multiple-choice questions are below:
1. A
2. C
3. D
4. C
How to download the Circular Flow and GDP Practice Sheet
Step 1: Go to: https://acdcecon.thinkific.com
Step 2: Create a free account
Step 3: Enroll in the free version of the MACROeconomics packet (either AP or College)
Step 4: Go to Unit 2- "Circular Flow and GDP Practice Sheet (with answers)"
Step 5: Download the PDF, fill it out, and check your answers
*Note* Teachers- Do not print the practice sheet and give it to your students. This is NOT for in-class use. If you are interested in getting worksheets for your class, please go to my website: https://www.acdcecon.com/bulk-discount
Circular Flow Video- https://youtu.be/mN5HPJYJzus
Econmovies Cars Video- https://youtu.be/KZaB1U3k0j8
In this video, I explained the meaning and types of profit.
MEANING OF PROFIT:
Profit is a factor income which is earned by the entrepreneur. Profit is considered as a reward for making innovations, taking risk and uncertainties of market imperfections.
TYPES OF PROFIT:
Profit is mainly two types which are as follow:
(1) GROSS PROFIT: Gross profit is commonly known as business profit. It is the difference between total revenue and explicit costs. It includes the interest on entrepreneur's own capital, wages of entrepreneur's own labour, rent on entrepreneur's own land, net profit and depreciation charges.
(2) NET PROFIT:
Net profit is known as Economic or Pure profit. It is the difference between total revenue and total cost. It includes income for following six elements:
Reward for Risk Taking
Reward for Uncertainty
Reward for Ability
Monopoly Gain
Windfall Gains
Reward for Innovation
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Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expenditure and income approaches used to count GDP
- Discuss how GDP is used
- Identify what is and what is not included when calculating gross domestic product
- Practice calculating nominal GDP and the percentage change in GDP
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
https://www.teacherspayteachers.com/Product/Gross-Domestic-Product-Activity-3090010
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In economics, gross means before deductions or expenses. The antonym is net, meaning after deductions.
Usage
Gross may be used as an adjective, following the noun which it modifies, e.g., "earned two million dollars, gross". It may also be used as a verb, e.g., "this movie grossed two million dollars on its opening weekend".
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... region’s economic growth ... Yet obstacles to finance remain a significant constraint on economic development, with private-sector credit falling from 56% of gross domestic product in 2007 to 36% in 2022.
Hải Phòng has maintained strong socio-economic growth in recent years, with an average annual gross regional domestic product (GRDP) expansion of over 11 per cent.
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Russell Evans, an economist at Oklahoma State University, said that at one time the loss of thousands of oil and gas jobs in the state would have been seen as an economic disaster for the state.
It was 'uncertainty' which did it, remarked the NIESR economic think-tank yesterday after it was disclosed that gross domestic product, total output, climbed by a disappointing 0.1 per cent in the three months to September ... ....
"This was a serious breach of international economic and trade rules and a gross interference in free trade," the spokesperson said ... and technological exchanges and economic and trade cooperation.
"This was a serious breach of international economic and trade rules and a gross interference in free trade," the spokesperson said ... exchanges and economic and trade cooperation.
GT CapitalPresidentCarmeloMariaLuza Bautista also cited a stable economic growth, slower inflation and easing monetary policies that "drove our core businesses above last year's record levels.".
gender stereotypes were more pronounced in economically developed countries, contrary to the expectation that social progress and economic advancement would reduce such biases.