This video was actually 8 years ago, but has helped me understand this concept even better than my professor did. Thank you for this. Keep on making videos.
Thanks....have been setting on my assignment for 1 hour, did not take me 2 minutes to complete the assignment after watching the video...well simplified
Can u please explain what is GDP at factor cost and GDP at Market prices. Is the selling price in the market and the market price taken to measure GDP are one and the same. please help us..... we are from india.... we are benefiting and exploring the essence of economics from u... and we enjoy it...
Sorry one last question. If GM sells a car for 1000 dollars then the second hand shop sells it for 1500? would GDP count the 500 as a service so the total gdp would be 1500? Thanks ;)
Hi , i have looked in to the Word bank published gdp deflator data with code NY_GDP_DEFL_KD_ZG. The data shows negative GDP deflator in many places. How do I interpret these ?
It means there was price deflation. Although we think of the price level as slightly increasing year after year (which is what central banks are trying to do), prices can go down. Deflation usually arises during times of economic stress or crisis. If you look at the Great Depression, you will see deflation was quite bad.
This video was actually 8 years ago, but has helped me understand this concept even better than my professor did. Thank you for this. Keep on making videos.
20minutes before my final exam in economics and I finally understood this topic lol thanks
10:10
@Elene Chkhaidze guess what- შემეტენა და შემდეგ წელს გადავაბარება მომიწია 😂
@Elene Chkhaidze წარმატებები! 💕💕
The same
English isn't my first language but I've learned more from your video than in my economy class. I wish my professor was like you. Thanks for sharing!
Listen up now.... I have never seen or heard this topic in a better way! Keep posting..... Great Job!
Finally, a video that simplifies this to the point! Thank you, finally understand this.
You've answered all my confusion with deflators and cpi holy,, thanks!!!!
Thanks for making this so clear and easy to understand. This lesson has been truly helpful.
Thanks....have been setting on my assignment for 1 hour, did not take me 2 minutes to complete the assignment after watching the video...well simplified
You explain this topic better than my professor. Thank you so much.
Ten years still relevant. Thanks Man
This is one of the best lecture of my educational carrier.......🇵🇰🇵🇰.
You are great sir.
Love u sir , I have seen 20 videos on it but understand the concept from yours only. ❤️❤️
Salute
Your videos helped me a lot in my macroeconomic class i'm taking this semester. Thank you so much, easily subscribed!
Thank you for this. I wish you were my Econ Professor.
Thank you. Great lesson. I was previously
getting my sums wrong, going from one year to the other, when calculating the real gdp.
You make so much more sense than my professor. Thank you!
this is so much more easier, concise, and clear thanks
in five hours time I am writing a test and Gosh this was helpful.
Your videos are so helpful. With them, I'm going through my business administration course so quickly Thanks so much.
You sir are amazing and completely broke down and explained all questions I had in a very simple manner. Thank you
THANK YOU! I may actually get a few more questions right on my eco test tomorrow, for your video.
thank you so much for the videos your making this online econ class so much easier!!
Thank you! explained it in 5 minutes when my professor has been on it for 2 weeks
You just saved my life, this went along a lot with my assignment. Great help!!
Thank you sir, good lesson,from university of DODOMA,east Africa , TANZANIA
Why is nobody talking abt the goated intro
Helps with my AP Exam. Thanks!
Amazing video. Well explained!!!
sooooo much easier to understand with your explanation. thank you
Good and clear explanation on Real GDP and GDP Deflator...thank you because it very helpful to me and understand me more.
Thank you king, you are saving my grade rn. appreciate the video
Great video to help students understand "Real GDP"
THANK YOU! neat and clean, thank you so much
Thanka you so much. This was well explained concept
Thank you so much...You are amazing in explaining the concepts.
Superb explanation !
Excellent summary. Thank you for this.
Thank you so much! So perfectly detailed explained, and the visuals are very very helpful!
Thanks you so much for this video sir , I really appreciate that
You saved me. Thank you!!!!!!!! I wish I had you as an instructor
This was so helpful. THANK YOU!
You are my hero, thank you so much for making this video!!!!
Do the contries calculate the inflation using this method?
Are there other formulas we can calculate the inflation like price level for example?
Thank you , simple and easy
thank you! Super clear and concise.
So for NFFI, we just subtract 2010's GNP with GDP, right?
Thanks so much for this video..it helped me a lot...teaching method is perfect 👌
daamn the music at the beginning made me 3x more attentive,whats the name of the song ?
Soooo clear !! Thank you very much !
Well Explained .Loved it !
thanks for making such awesome videos
Thank you, very helpful video
So simple to understand.thanks
fire
This Helped A Lot Thank You very Much Sir
Thank u 🙏🏼 for all the information really great ❤️🙏🏼
To calculate the percentage of inflation, why did we divide (129-100) by 100?? Like where did the 100 come from
the best explanation!!! thank you!
thank you very much this video helped me to understand GDP.
Thank you so much!!!! Please upload more!!!
Nicely explained. Thank you.
As always, you are the best!
That means if we get inflation of 29%. So, is it 110 * 1.29 = 142 total value output in 2010 Switzerland?
It was a very nice lecture. Thank you.
What are the market values of the three products in 2009 and in 2010?
This is fantastic!
very nice lecture,
thank u so much
Life saver indeed. Thank you man.
Thank u i really understand..😁😁
excellent explanation. Thank you so much
Thank You . Very well explained.
very well explained.
wont u teach us the consumer price index?
I understand the concept. since they explained in a simple way.
Can u please explain what is GDP at factor cost and GDP at Market prices. Is the selling price in the market and the market price taken to measure GDP are one and the same. please help us..... we are from india.... we are benefiting and exploring the essence of economics from u... and we enjoy it...
Hi ,thank you for sharing , THEN we must calculate firstly reel gdp . Second step is calculating gdp deflator? Am I true?
Thank you, that was very helpful
This was REALLY helpful
Phenomenal, thank you dude
you're a god for this. thank you.
That was very helpful. Thank you!!
This video helped me so much! Thanks you!!
Sorry one last question. If GM sells a car for 1000 dollars then the second hand shop sells it for 1500? would GDP count the 500 as a service so the total gdp would be 1500? Thanks ;)
Thanks you so much Sir
the video was very helpful, thank you
Thank you Teacher!
That was some pro explaining
makes more sense
thanks alot man this was very helpful
9/30/20 Thank you. Especially in this time of the pandemic and limited access to in person assistance.
SO HELPFUL THANKYOU!
Hi , i have looked in to the Word bank published gdp deflator data with code NY_GDP_DEFL_KD_ZG. The data shows negative GDP deflator in many places. How do I interpret these ?
It means there was price deflation. Although we think of the price level as slightly increasing year after year (which is what central banks are trying to do), prices can go down. Deflation usually arises during times of economic stress or crisis. If you look at the Great Depression, you will see deflation was quite bad.
Thank you for the help. Your the man.
my professor asked me to find the real gdp of 2018 with 2019 base year, how am I suppose to do that????
Just what i need .. thanks..
Good video
thank u so much,,,sir
this is real good job
thanks for these videos... no stupid analogies and other crap, just the topic itself. short and concise.
Thank you for this!!!