-
Gross Domestic Product (GDP)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP? Let's dive into some specifics.
Script by Matt Beat: https://www.youtube.com/user/iammrbeat
Animation by Ignacio Triana: https://www.youtube.com/c/Unraveled
Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon
Mathematics Tutorials: http://bit.ly/ProfDaveMath
American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs
General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1
EMAIL► [email protected]
PATR...
published: 11 May 2023
-
What is Gross Domestic Product (GDP)?
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
-
The Gross Domestic Product (GDP) and Government Revenue Explained in One Minute
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 talki...
published: 10 Feb 2016
-
GDP: What is gross domestic product, and how is it measured?
The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%.
Wealth! Host Brad Smith provides an in-depth analysis explaining the concept of GDP, how the figure is calculated, and its measurement of economic health.
#youtube #stocks #stockspower
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
In...
published: 25 Apr 2024
-
What is GDP? | CNBC Explains
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
published: 26 Sep 2018
-
What Is Gross Domestic Product (GDP)? | Business: Explained
Gross domestic product (GDP) is one of the most significant indicators of economic performance. But what is GDP, and why is it so crucial to understanding global business?
Learn more about GDP on our Business Insights Blog: https://hbs.me/yckhkmuf
Explore our online course, Global Business: https://hbs.me/2p8nere8
#GDP #Economics #GlobalBusiness
published: 09 Apr 2024
-
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
-
[Live] GDP Count 2024 - Nominal GDP
Realtime counter of "Nominal GDP" & "Nominal GDP per capita" by US dollar.
Calculated based on the World Economic Outlook by IMF.
Since the estimate from past data, it may not be accurate.
The figures and rankings may differ from those calculated using the current exchange rate because they are converted into US dollar based on average exchange rates.
G7: Group of 7
G20: Group of 20
OECD: Organisation for Economic Co-operation and Development
EU: European Union
Quad: Quadrilateral Security Dialogue (United States, Japan, India, & Australia)
BRICS: Brazil, Russia, India, China, & South Africa
APEC: Asia-Pacific Economic Cooperation
RCEP: Regional Comprehensive Economic Partnership
CPTPP (TPP11): Comprehensive and Progressive Agreement for Trans-Pacific Partnership
ASEAN: Association of So...
published: 08 May 2023
-
What is gross domestic product (GDP)? | News glossary
When you hear the news talk about countries, you often hear a number called the GDP or 'gross domestic product' thrown around a lot. But what does it actually mean, and is it gross? In this episode, Matilda Boseley explains the meaning of GDP and how it reflects economies here and abroad.
Subscribe to Guardian Australia on YouTube and hit the bell to see new videos ► http://bit.ly/gdnaustraliasubs
Watch all our News Glossary explainers ► https://youtube.com/playlist?list=PL_oP0ajyhYQlqUCRLLLfd8ev2kFjC_Nsa
Australia’s economic growth slows in March quarter despite rise in household spending ► https://www.theguardian.com/business/2022/jun/01/australias-economic-growth-slows-in-march-quarter-despite-rise-in-household-spending?CMP=gdnaus_yt
Support the Guardian ► https://support.theguardi...
published: 12 Jul 2022
-
What is GDP (Gross Domestic Product)?
What is the simple definition of GDP? Financial Express Online explains to you in the easiest way possible what the Gross Domestic Product of a country means, what its formula is and why the GDP growth rate is important.
#GDP #IndianGDP #GrowthRate
More latest videos:
Is there a connection between AES and consuming litchi?: https://www.youtube.com/watch?v=QkGu7MWN73s
World Cup 2019 Bangladesh vs Australia: Will there be another upset?: https://www.youtube.com/watch?v=u79HCuhGYwM
Vadodara Police drive students to school as vans, autos go on strike: https://www.youtube.com/watch?v=-4CFHUzP9Eo
Subscribe to Financial Express: https://bit.ly/2TN006o
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to marke...
published: 26 Jun 2019
7:00
Gross Domestic Product (GDP)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there ...
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP? Let's dive into some specifics.
Script by Matt Beat: https://www.youtube.com/user/iammrbeat
Animation by Ignacio Triana: https://www.youtube.com/c/Unraveled
Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon
Mathematics Tutorials: http://bit.ly/ProfDaveMath
American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs
General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1
EMAIL►
[email protected]
PATREON► http://patreon.com/ProfessorDaveExplains
Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience!
Amazon: https://amzn.to/2HtNpVH
Bookshop: https://bit.ly/39cKADM
Barnes and Noble: https://bit.ly/3pUjmrn
Book Depository: http://bit.ly/3aOVDlT
https://wn.com/Gross_Domestic_Product_(Gdp)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP? Let's dive into some specifics.
Script by Matt Beat: https://www.youtube.com/user/iammrbeat
Animation by Ignacio Triana: https://www.youtube.com/c/Unraveled
Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon
Mathematics Tutorials: http://bit.ly/ProfDaveMath
American History Tutorials: http://bit.ly/ProfDaveAmericanHistory
History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs
General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1
EMAIL►
[email protected]
PATREON► http://patreon.com/ProfessorDaveExplains
Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience!
Amazon: https://amzn.to/2HtNpVH
Bookshop: https://bit.ly/39cKADM
Barnes and Noble: https://bit.ly/3pUjmrn
Book Depository: http://bit.ly/3aOVDlT
- published: 11 May 2023
- views: 169496
4:36
What is Gross Domestic Product (GDP)?
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
https://wn.com/What_Is_Gross_Domestic_Product_(Gdp)
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
- published: 18 Nov 2015
- views: 1622905
1:19
The Gross Domestic Product (GDP) and Government Revenue Explained in One Minute
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...
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
https://wn.com/The_Gross_Domestic_Product_(Gdp)_And_Government_Revenue_Explained_In_One_Minute
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
- published: 10 Feb 2016
- views: 218937
2:56
GDP: What is gross domestic product, and how is it measured?
The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%.
...
The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%.
Wealth! Host Brad Smith provides an in-depth analysis explaining the concept of GDP, how the figure is calculated, and its measurement of economic health.
#youtube #stocks #stockspower
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Gdp_What_Is_Gross_Domestic_Product,_And_How_Is_It_Measured
The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%.
Wealth! Host Brad Smith provides an in-depth analysis explaining the concept of GDP, how the figure is calculated, and its measurement of economic health.
#youtube #stocks #stockspower
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 25 Apr 2024
- views: 2429
4:11
What is GDP? | CNBC Explains
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 alwa...
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
https://wn.com/What_Is_Gdp_|_Cnbc_Explains
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
- published: 26 Sep 2018
- views: 1506091
3:09
What Is Gross Domestic Product (GDP)? | Business: Explained
Gross domestic product (GDP) is one of the most significant indicators of economic performance. But what is GDP, and why is it so crucial to understanding globa...
Gross domestic product (GDP) is one of the most significant indicators of economic performance. But what is GDP, and why is it so crucial to understanding global business?
Learn more about GDP on our Business Insights Blog: https://hbs.me/yckhkmuf
Explore our online course, Global Business: https://hbs.me/2p8nere8
#GDP #Economics #GlobalBusiness
https://wn.com/What_Is_Gross_Domestic_Product_(Gdp)_|_Business_Explained
Gross domestic product (GDP) is one of the most significant indicators of economic performance. But what is GDP, and why is it so crucial to understanding global business?
Learn more about GDP on our Business Insights Blog: https://hbs.me/yckhkmuf
Explore our online course, Global Business: https://hbs.me/2p8nere8
#GDP #Economics #GlobalBusiness
- published: 09 Apr 2024
- views: 1671
9:25
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 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
https://wn.com/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 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
- published: 11 Sep 2019
- views: 481973
0:00
[Live] GDP Count 2024 - Nominal GDP
Realtime counter of "Nominal GDP" & "Nominal GDP per capita" by US dollar.
Calculated based on the World Economic Outlook by IMF.
Since the estimate from past d...
Realtime counter of "Nominal GDP" & "Nominal GDP per capita" by US dollar.
Calculated based on the World Economic Outlook by IMF.
Since the estimate from past data, it may not be accurate.
The figures and rankings may differ from those calculated using the current exchange rate because they are converted into US dollar based on average exchange rates.
G7: Group of 7
G20: Group of 20
OECD: Organisation for Economic Co-operation and Development
EU: European Union
Quad: Quadrilateral Security Dialogue (United States, Japan, India, & Australia)
BRICS: Brazil, Russia, India, China, & South Africa
APEC: Asia-Pacific Economic Cooperation
RCEP: Regional Comprehensive Economic Partnership
CPTPP (TPP11): Comprehensive and Progressive Agreement for Trans-Pacific Partnership
ASEAN: Association of South‐East Asian Nations
OPEC: Organization of the Petroleum Exporting Countries
ECO: Economic Cooperation Organization
ALADI: Asociación Latinoamericana de Integración (Latin American Integration Association)
AU: African Union
Data source
IMF https://www.imf.org/en/Home
(World Economic Outlook, October 2024 https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024)
Music source
YouTube Audio Library https://www.youtube.com/c/AudioLibraryEN
https://wn.com/Live_Gdp_Count_2024_Nominal_Gdp
Realtime counter of "Nominal GDP" & "Nominal GDP per capita" by US dollar.
Calculated based on the World Economic Outlook by IMF.
Since the estimate from past data, it may not be accurate.
The figures and rankings may differ from those calculated using the current exchange rate because they are converted into US dollar based on average exchange rates.
G7: Group of 7
G20: Group of 20
OECD: Organisation for Economic Co-operation and Development
EU: European Union
Quad: Quadrilateral Security Dialogue (United States, Japan, India, & Australia)
BRICS: Brazil, Russia, India, China, & South Africa
APEC: Asia-Pacific Economic Cooperation
RCEP: Regional Comprehensive Economic Partnership
CPTPP (TPP11): Comprehensive and Progressive Agreement for Trans-Pacific Partnership
ASEAN: Association of South‐East Asian Nations
OPEC: Organization of the Petroleum Exporting Countries
ECO: Economic Cooperation Organization
ALADI: Asociación Latinoamericana de Integración (Latin American Integration Association)
AU: African Union
Data source
IMF https://www.imf.org/en/Home
(World Economic Outlook, October 2024 https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024)
Music source
YouTube Audio Library https://www.youtube.com/c/AudioLibraryEN
- published: 08 May 2023
- views: 6514321
3:42
What is gross domestic product (GDP)? | News glossary
When you hear the news talk about countries, you often hear a number called the GDP or 'gross domestic product' thrown around a lot. But what does it actually m...
When you hear the news talk about countries, you often hear a number called the GDP or 'gross domestic product' thrown around a lot. But what does it actually mean, and is it gross? In this episode, Matilda Boseley explains the meaning of GDP and how it reflects economies here and abroad.
Subscribe to Guardian Australia on YouTube and hit the bell to see new videos ► http://bit.ly/gdnaustraliasubs
Watch all our News Glossary explainers ► https://youtube.com/playlist?list=PL_oP0ajyhYQlqUCRLLLfd8ev2kFjC_Nsa
Australia’s economic growth slows in March quarter despite rise in household spending ► https://www.theguardian.com/business/2022/jun/01/australias-economic-growth-slows-in-march-quarter-despite-rise-in-household-spending?CMP=gdnaus_yt
Support the Guardian ► https://support.theguardian.com/contribute
Website ► https://theguardian.com/au
Facebook ► https://facebook.com/theguardianaustralia
Instagram ► https://instagram.com/guardianaustralia
Twitter ► https://twitter.com/GuardianAus
TikTok ► https://tiktok.com/@guardianaustralia
LinkedIn ► https://linkedin.com/company/guardianaustralia
Subscribe to the Guardian's other YouTube channels:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian News ► https://bit.ly/guardiannewssubs
Guardian Football ► https://bit.ly/gdnfootballsubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs
#guardianaustralia #news #breakingnews #theguardian
https://wn.com/What_Is_Gross_Domestic_Product_(Gdp)_|_News_Glossary
When you hear the news talk about countries, you often hear a number called the GDP or 'gross domestic product' thrown around a lot. But what does it actually mean, and is it gross? In this episode, Matilda Boseley explains the meaning of GDP and how it reflects economies here and abroad.
Subscribe to Guardian Australia on YouTube and hit the bell to see new videos ► http://bit.ly/gdnaustraliasubs
Watch all our News Glossary explainers ► https://youtube.com/playlist?list=PL_oP0ajyhYQlqUCRLLLfd8ev2kFjC_Nsa
Australia’s economic growth slows in March quarter despite rise in household spending ► https://www.theguardian.com/business/2022/jun/01/australias-economic-growth-slows-in-march-quarter-despite-rise-in-household-spending?CMP=gdnaus_yt
Support the Guardian ► https://support.theguardian.com/contribute
Website ► https://theguardian.com/au
Facebook ► https://facebook.com/theguardianaustralia
Instagram ► https://instagram.com/guardianaustralia
Twitter ► https://twitter.com/GuardianAus
TikTok ► https://tiktok.com/@guardianaustralia
LinkedIn ► https://linkedin.com/company/guardianaustralia
Subscribe to the Guardian's other YouTube channels:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian News ► https://bit.ly/guardiannewssubs
Guardian Football ► https://bit.ly/gdnfootballsubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs
#guardianaustralia #news #breakingnews #theguardian
- published: 12 Jul 2022
- views: 5948
2:08
What is GDP (Gross Domestic Product)?
What is the simple definition of GDP? Financial Express Online explains to you in the easiest way possible what the Gross Domestic Product of a country means, w...
What is the simple definition of GDP? Financial Express Online explains to you in the easiest way possible what the Gross Domestic Product of a country means, what its formula is and why the GDP growth rate is important.
#GDP #IndianGDP #GrowthRate
More latest videos:
Is there a connection between AES and consuming litchi?: https://www.youtube.com/watch?v=QkGu7MWN73s
World Cup 2019 Bangladesh vs Australia: Will there be another upset?: https://www.youtube.com/watch?v=u79HCuhGYwM
Vadodara Police drive students to school as vans, autos go on strike: https://www.youtube.com/watch?v=-4CFHUzP9Eo
Subscribe to Financial Express: https://bit.ly/2TN006o
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.
Connect with us:
Facebook: https://www.facebook.com/thefinancialexpress
Twitter: https://twitter.com/FinancialXpress
Website: https://www.financialexpress.com/
-----------------------------------------------------------------------------------------------------------
Subscribe to our other network Channels:
Indian Express for English News: https://www.youtube.com/user/IndianExpressOnline
Jansatta for Hindi News: https://www.youtube.com/jansatta
Loksatta Live for Marathi News: https://www.youtube.com/user/loksattalive
Inuth for Trending News: https://www.youtube.com/c/InUthdotcom
Express Drive for Automobile News: https://www.youtube.com/c/expressdrives
IeMalayalam for Malayalam News: http://www.youtube.com/c/iemalayalam
https://wn.com/What_Is_Gdp_(Gross_Domestic_Product)
What is the simple definition of GDP? Financial Express Online explains to you in the easiest way possible what the Gross Domestic Product of a country means, what its formula is and why the GDP growth rate is important.
#GDP #IndianGDP #GrowthRate
More latest videos:
Is there a connection between AES and consuming litchi?: https://www.youtube.com/watch?v=QkGu7MWN73s
World Cup 2019 Bangladesh vs Australia: Will there be another upset?: https://www.youtube.com/watch?v=u79HCuhGYwM
Vadodara Police drive students to school as vans, autos go on strike: https://www.youtube.com/watch?v=-4CFHUzP9Eo
Subscribe to Financial Express: https://bit.ly/2TN006o
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.
Connect with us:
Facebook: https://www.facebook.com/thefinancialexpress
Twitter: https://twitter.com/FinancialXpress
Website: https://www.financialexpress.com/
-----------------------------------------------------------------------------------------------------------
Subscribe to our other network Channels:
Indian Express for English News: https://www.youtube.com/user/IndianExpressOnline
Jansatta for Hindi News: https://www.youtube.com/jansatta
Loksatta Live for Marathi News: https://www.youtube.com/user/loksattalive
Inuth for Trending News: https://www.youtube.com/c/InUthdotcom
Express Drive for Automobile News: https://www.youtube.com/c/expressdrives
IeMalayalam for Malayalam News: http://www.youtube.com/c/iemalayalam
- published: 26 Jun 2019
- views: 59371
-
Nominal vs. Real GDP
"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 ti...
published: 19 Nov 2015
-
Economics Glossary: Nominal versus Real Values
Definition of nominal and real assets and an explanation of the difference between the two.
published: 01 Mar 2021
-
Nominal and Real Value
published: 09 Feb 2014
-
Real vs Nominal value | Chapter 5, Book 1
This video covers Chapter 5 - 'Of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money' of The Wealth of Nations Book 1 by Adam Smith. In this chapter, Adam Smith covers the difference between real and nominal value.
All quotes are from Book 1, Chapter 5.
pages summarized: 17
published: 17 Jun 2019
-
Real and nominal return | Inflation | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/nominal-v-real-interest-rates-ap/v/real-and-nominal-return
Inflation and real and nominal return. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/real-nominal-return-tut/v/calculating-real-return-in-last-year-dollars?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/inflation-scenarios-tutorial/v/hyperinflation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Fina...
published: 21 Jul 2011
-
Nominal and Real GDP
In this short revision video we look at the difference between nominal (money) and real GDP and we work through a quick calculation of converting nominal GDP into a real GDP figure.
published: 12 Oct 2020
-
Maths Made Easy for A-Level Economics - Nominal to Real Conversions
The difference between nominal and real data is explained in this short revision video for A Level Economics students.
Nominal data is current data at current prices
Real data is data that takes into account the effect of inflation i.e. data at constant prices.
published: 22 May 2019
-
Real vs. Nominal Variables
Recorded with https://screencast-o-matic.com
published: 03 Apr 2018
-
Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/real-vs-nominal-gdp/v/real-gdp-and-nominal-gdp
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 tradition...
published: 10 Feb 2012
-
What is Nominal Value?
This video presentation explains what the term "nominal value" means in easy and simple to understand language.
Learn more: https://marketbusinessnews.com/financial-glossary/nominal-value-definition-meaning/
published: 25 Oct 2021
7:41
Nominal vs. Real GDP
"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 m...
"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 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/39ltfFi
Next video: http://bit.ly/3bsTBXh
Help us caption & translate this video!
http://amara.org/v/H0PX/
00:00 Intro
00:36 2 Ways GDP Can Increase
01:31 Real GDP
02:05 Example - US Nominal GDP FRED
03:13 Example - Real US GDP FRED
04:14 Real GDP Per Capita (Controlling for Population Changes)
04:47 Example - Real US GDP Per Capita FRED
05:44 Recessions
06:16 Percent Annual Changes
https://wn.com/Nominal_Vs._Real_Gdp
"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 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/39ltfFi
Next video: http://bit.ly/3bsTBXh
Help us caption & translate this video!
http://amara.org/v/H0PX/
00:00 Intro
00:36 2 Ways GDP Can Increase
01:31 Real GDP
02:05 Example - US Nominal GDP FRED
03:13 Example - Real US GDP FRED
04:14 Real GDP Per Capita (Controlling for Population Changes)
04:47 Example - Real US GDP Per Capita FRED
05:44 Recessions
06:16 Percent Annual Changes
- published: 19 Nov 2015
- views: 1193611
2:29
Economics Glossary: Nominal versus Real Values
Definition of nominal and real assets and an explanation of the difference between the two.
Definition of nominal and real assets and an explanation of the difference between the two.
https://wn.com/Economics_Glossary_Nominal_Versus_Real_Values
Definition of nominal and real assets and an explanation of the difference between the two.
- published: 01 Mar 2021
- views: 1626
8:20
Real vs Nominal value | Chapter 5, Book 1
This video covers Chapter 5 - 'Of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money' of The Wealth of Nations Boo...
This video covers Chapter 5 - 'Of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money' of The Wealth of Nations Book 1 by Adam Smith. In this chapter, Adam Smith covers the difference between real and nominal value.
All quotes are from Book 1, Chapter 5.
pages summarized: 17
https://wn.com/Real_Vs_Nominal_Value_|_Chapter_5,_Book_1
This video covers Chapter 5 - 'Of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money' of The Wealth of Nations Book 1 by Adam Smith. In this chapter, Adam Smith covers the difference between real and nominal value.
All quotes are from Book 1, Chapter 5.
pages summarized: 17
- published: 17 Jun 2019
- views: 12419
3:10
Real and nominal return | Inflation | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroecono...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/nominal-v-real-interest-rates-ap/v/real-and-nominal-return
Inflation and real and nominal return. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/real-nominal-return-tut/v/calculating-real-return-in-last-year-dollars?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/inflation-scenarios-tutorial/v/hyperinflation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: If the value of money is constantly changing, can we compare investment return in the future or past to that earned in the present? This tutorial focuses on how to do this (another good tutorial to watch is the one on "present value").
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 Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Real_And_Nominal_Return_|_Inflation_|_Finance_Capital_Markets_|_Khan_Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/nominal-v-real-interest-rates-ap/v/real-and-nominal-return
Inflation and real and nominal return. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/real-nominal-return-tut/v/calculating-real-return-in-last-year-dollars?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/inflation-scenarios-tutorial/v/hyperinflation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: If the value of money is constantly changing, can we compare investment return in the future or past to that earned in the present? This tutorial focuses on how to do this (another good tutorial to watch is the one on "present value").
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 Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
- published: 21 Jul 2011
- views: 242739
6:21
Nominal and Real GDP
In this short revision video we look at the difference between nominal (money) and real GDP and we work through a quick calculation of converting nominal GDP in...
In this short revision video we look at the difference between nominal (money) and real GDP and we work through a quick calculation of converting nominal GDP into a real GDP figure.
https://wn.com/Nominal_And_Real_Gdp
In this short revision video we look at the difference between nominal (money) and real GDP and we work through a quick calculation of converting nominal GDP into a real GDP figure.
- published: 12 Oct 2020
- views: 11413
9:51
Maths Made Easy for A-Level Economics - Nominal to Real Conversions
The difference between nominal and real data is explained in this short revision video for A Level Economics students.
Nominal data is current data at current...
The difference between nominal and real data is explained in this short revision video for A Level Economics students.
Nominal data is current data at current prices
Real data is data that takes into account the effect of inflation i.e. data at constant prices.
https://wn.com/Maths_Made_Easy_For_A_Level_Economics_Nominal_To_Real_Conversions
The difference between nominal and real data is explained in this short revision video for A Level Economics students.
Nominal data is current data at current prices
Real data is data that takes into account the effect of inflation i.e. data at constant prices.
- published: 22 May 2019
- views: 5161
4:42
Real vs. Nominal Variables
Recorded with https://screencast-o-matic.com
Recorded with https://screencast-o-matic.com
https://wn.com/Real_Vs._Nominal_Variables
Recorded with https://screencast-o-matic.com
- published: 03 Apr 2018
- views: 4595
8:04
Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroecono...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/real-vs-nominal-gdp/v/real-gdp-and-nominal-gdp
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
https://wn.com/Real_Gdp_And_Nominal_Gdp_|_Gdp_Measuring_National_Income_|_Macroeconomics_|_Khan_Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/real-vs-nominal-gdp/v/real-gdp-and-nominal-gdp
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
- published: 10 Feb 2012
- views: 868739
1:40
What is Nominal Value?
This video presentation explains what the term "nominal value" means in easy and simple to understand language.
Learn more: https://marketbusinessnews.com/fina...
This video presentation explains what the term "nominal value" means in easy and simple to understand language.
Learn more: https://marketbusinessnews.com/financial-glossary/nominal-value-definition-meaning/
https://wn.com/What_Is_Nominal_Value
This video presentation explains what the term "nominal value" means in easy and simple to understand language.
Learn more: https://marketbusinessnews.com/financial-glossary/nominal-value-definition-meaning/
- published: 25 Oct 2021
- views: 3263