What is GDP? | CNBC Explains
Вставка
- Опубліковано 10 лип 2024
- 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 UA-cam: cnb.cx/2wuoARM
Subscribe to CNBC Life on UA-cam: cnb.cx/2wAkfMv
Like our Facebook page:
/ cnbcinternational
Follow us on Instagram:
/ cnbcinternational
Follow us on Twitter:
/ cnbci
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I believe that there are techniques that could be implemented for consistent gains regardless of the economy or market conditions, however such execution is often carried out by investing gurus or advisors with experience after the 2008 crash.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today with the helps of my coach Katherine Anne Roos
@@PhillipsTionhorn
@@nectarcityking KATHERINE ANNE ROOS is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.
@@PhillipsTionhorn Thank you so much for the advice. Your coach was simple to discover online. I did my research on her with her name before I scheduled our phone call. she appears knowledgeable based on her online resume.
One of the best videos I've watched on UA-cam that explains a complex topic in a very simple but informative manner. Great job CNBC!
ua-cam.com/video/ZTkUbUFyHtE/v-deo.html
Basics very well explained! Two elements I would like to mention:
GDP does not take the quality of goods and services into account. Neither steady qualitative growth. Somebody buying a computer or booking a flight for $2000 in the 80s contributed much more to GDP than doing the same today for say $500, despite the flight being safer today, the computer much faster and capable today.
GDP is a raw number associated with times of scarcity and the 'quantitative growth mantra'. Abundance in rich societies changes its relevance - GDP can be totally misleading when discussing what people really want.
This should not come as a surprise, since in most important aspects of life the middle class lives better today, than even a king 500 years ago.
i wish you tube came in 1998 when i wan in high school
You're welcome, I'm glad that you enjoyed it.
GDP is "G," "D," "P,"
(G ÷ P) × D = weath or GDP=weath.
GDP is a math formula. The "G" is the labor excomponent in the math formula GDP. (G ÷ P) × D
That G is gross labor. Total hours worked.
That D is us. The total population.
That P is capital.
The total labor of the total population is building the total capital. GDP
A currency exchange between the "P" or capital is another topic of the math formula of inflation.
Every family has that one person who will break the family's financial struggle, I hope you become the one 😊
Assets that can make you rich
Cry-pto
Stocks
Real estate
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Starting early is the best way to getting ahead of build wealth, investing remains the priority
Obviously trading in cry-pto is very volatile and risky to trade that's the reason most traders trade with a company
I'm new to cry-pto trading, how do I get started with the help of a professional?
contemporary + Informative + Quality content = CNBC explains
Yup I subscribed it what about you guys
For a moment at 3:10, I thought this was a Spotify sponsored video.
After reading your comment I also feeled that way
@@subscribetomyyoutubechanne1543 felt*
@@munasuleman4996 muna youre not even english.why so serious?
ua-cam.com/video/ZTkUbUFyHtE/v-deo.html
Product placement probably
Feels good to revise my basics of Economics again, feels refreshing!
It is a great video, explained in such a way that anybody can easily get this concept and will remember for long time!
this video is so helpful. Helped me a lot for my economics presentation
Thank you for your brief explanation on GDP Elizabeth Schuzule . Absolutely you have explained both pros and cons with 4 mins
Thanks for posting. The SDG focuses its first 5 approaches on people, but the reality shows otherwise, like the GDP measurement. It is an eye-opener to watch videos like this from CNBC!
Thanks for making it so easy to understand what is GDP. In just a 4 minute video, you explained what is GDP in such a nice way. Please keep making such educational videos related to economy, i want to learn more about it.
Awesome video...
In Bhutan, they measure national happiness as the most important figure for the kingdom. Just amazing.
Sight...!!!!!!!
And they live till 70, that’s awful
Without happiness and peace, GDP is just meaningless
BuT THE ECONYMY!!! 9
@@monkeystudios1 What's money if it doesn't make you happy?
Love this video, so informative and the graphics really helped. Thank you!!!
Finally I understood
Simple language
Super informative and helpful! Big support
This was very helpful!
thank you ,you people are the best
i really love the explanations, thank you cnbc
thanks for the effort on CNBC's part for this video for the common man to understand GDP.
A very clear and easy to understand explanation, thank you for posting.
Glad it was helpful!
‘CNBC explains’.. I like it. Elizabeth I like even better
they you have helped, much love from Africa Zimbabwe
Beautiful explanation. Enjoyed watching. Thanks
Short and sweet and you hit the right points
Thank You for this succinct explanation.
Fundamental Economics delivered in 4 minutes.
Great insight, Elizabeth!
Bhutan has GDH - Gross Domestic Happiness!!
and rapidly declining
@@admindadipancar5494 Happiness can't feed your stomach!
@@robinle2971 U need money to Sustain your life style but U don't need money to sustain your life
@@admindadipancar5494 want to bet
Lidija Cullen lets bet i will give you 10 happiness if i lose.😅
I really needed this video. Thanks
Great explanation. Well done!
The chalk on board sound was a nice touch
Absolutely well done and definitely keep it up!!! 👍👍👍👍👍👍
Fantastic video ! Thanks
Great video! Thanks!
I've never understood GDP before, this just made it super clear. thank you so much
Thank you for the explaination
Do a video on difference between GDP (PPP) and GDP (nominal)
De U GDP nominal is the gross domestic product produced by the citizens only of a nation, regardless of whether the citizens of that nation is located abroad or not. While PPP is price purchasing power, indicating the ability to purchase a good or service in your nation traded with your nation’s currency. hope it helps !! :)
@@ausgaporetan8512 very wrong... PPP is parity of value of product consumed within a year with respect to inflation of that country. For example the cost of hair cut in USA would be 9 $ while in India it would be 1.5$. So when calculating Nominal GDP 9$ will be added to USA economy and 1.5$ will be added into Indian economy. Nominal largely depend od exchange rate of dollar. While in PPP the value of product is calculated in local currency.
@@ausgaporetan8512 In short Nominal largely depend upon stock exchange, value of dollar to local currency ration. If country has weaker currency the nominal will be low
Check out the video on your required query under studyiq channel
Umar The most important measurement is GDP PPP Per capita
Great video!
Now I understood. Thank you CNBC
Thank you for this explanation !!!
Amazing explanation !!! thank´s :)
Wow..thanks for the explanation in simple words..
great explanation
Spotted the spotify ad?, Nicely explained thanks !
Loved this Video it was information t its best and well made
Great short videos to the point
Hello, thank you so much for the simple ways you explained about GDP.
Amazing content.
A really informative video.
1)Please make a video explaining Inflation and how it can be controlled.
2) Also make a video on how a currency falls or rises and what factors account for this rise and fall. Case in point- Indian Rupee.
Very well done, thank you🤗
Thanks NOW I Fully Understand What I Was looking for.
This is a very interesting video I enjoyed learning about it thoroughly
THANK YOU VERY KINDLY
Explained clearly and to the point. Thankyou..
Great video.
Thanks, good information
nice, so simple yet beautiful presenter. thanks...
Great explanation
Really helpful
Excellent information 👍👍👍
Great report and reporter.
Good video!
Great video 👌
Thank you so much.
Thank you for sharing your thoughts and ideas about GDP. I understand a lot
Bravo elizabeth… Superbly explained
Nice vid. Thanks.
Really useful insights on GDP
Awesome practical learning
Great sum up.
Thank you CNBC
Nice one Elizabeth!
Well done!
NON OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
Quality info! Thanks CNBC
Thanks Elizabeth
How about sharing info on comparative GDP between countries? Something like countries with least % of consumption on its GDP or countries with least % of govt spending on its GDP. It helps if these could be explained it's relevance.
I finally understand gdp !!! Excelent video
Nice video about the GDP👍
That's a wonderful video
Nobel prize for economics in 2019 can you explain their contribution towards poverty elevation. You can start a new segment on nobel prize topics.
do you have a video for GNP? this video was great
Thanks a lot
Salute to the way she explained it
Very educational. It helps the general public to improve our Financial literacy.
Nicely explained..
Very nice 👍 you explain it🌹
Excellent
very nice video
Everything was economics until that wink 😂😂 3:50
Haha!
@@yviruss1 Lol
Signal
Bad3 harami hi beta
69 likes
This kind of videos are more instructive than going to school .
Right. I wasted a week in School but didn't understand this. But here just 4 minutes is enough.
Now Video has become a better and more effective medium for learning in short time.
You truly read my mind!
Thanks Lizy
Good video
Elizabeth I Love what You said about the first sip of morning Joe! Some things are Priceless and Thats one of them!
The best ever explanation about GDP till now (for me)🤘cheers
TRULY MADAM ELIZABETH DEFINED IT EXCELLENTLY VERY SIMPLY WITH EXAMPLES VERY EASSY TO GET IT (COMPLEMENTS)
Really i havent understood any thing but the anchor is very lovely i really enjoyed it
K.
Elizabeth you are very good
Thanks
From india, mam the way you explained was just like a butter on bread.
Thankyou.
Important to know that Government Spendings are counted in the GDP, BUT Government staff NOT.
A country is very healthy with less government staff.
If you're talking about the black market then yes GDP is flawed from that and also from household sales such as handicrafts sold without a registered business and sold among friends and family.
In the US, Government salaries are counted in the GDP