Y11-12 Economics: GDP and Economic Growth

In this video, we first define economic growth and gross domestic product (GDP). Then we investigate how we use real GDP to measure economic growth.

[@Jellybeanisme]

This was very informative and the explanation was very clear! Thank you!🙂

[@carstenwurth1677]

Thank you for explaining succinctly and using formula examples. Cheers!

[@joyjoyjoyful]

Very nicely done. Thanks for explaining so clearly.

[@avi00102]

Awesome

[@maurisiakasike5232]

Thank you so much

[@a.h.pradipto7928]

Thank you, this shows very clearly for noobs like me.

[@hunderadagima7293]

❤

[@shahrukhdaud7989]

👍👍👍👍

[@freddiemercury2075]

I have a Diploma in Mass Media studies
A Degree in Human Resource Management
Working in Facility Management now
Doing Masters in Economics now

[@bashayerfahad7468]

What's the program that you used in the presentation? Thnx

[@HasinMahtab]

🙂

[@psikeyhackr6914]

What is NDP? Net Domestic Product
What has happened to the depreciation of durable consumer goods since WWII? What is planned obsolescence? If consumers go into debt for junk designed to become obsolete thereby increasing cash flow is that growth?
It just looks like growth because economists can't do algebra and ignore the depreciation on the demand side.