Understanding economic growth | AP Macroeconomics | Khan Academy
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- Опубліковано 27 сер 2024
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In this video, learn about the definition of economic growth and how growth occurs. AP(R) Macroeconomics on Khan Academy: Macroeconomics is all about how an entire nationÕs performance is determined and improved over time. Learn how factors like unemployment, inflation, interest rates, economic growth and recession are caused and how they affect individuals and society as a whole. We hit the traditional topics from an AP Macroeconomics course, including basic economic concepts, economic indicators, and the business cycle, national income and price determination, the financial sector, the long-run consequences of stabilization policies, and international trade and finance. 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 www.youtube.co....
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AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
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Khan sir
"Growth" is not a nice word in economics.
"Growth" is the left side of the normal supply and demand math chart. The part customers are being overcharged.
The left side of the chart is where the passive income investors are dangerous. And where "eat the rich" is more in play.
"Growth" is the paying customers demanding growth by overpaying. Customers are not happy being overcharged.
Minimum wage workers want a minimum home to own. This is the middle of the big X on the normal supply and demand math chart.
The left side of the cart is "Growth." Where the minimum wage workers can not afford the minimum home to own.
Thank you that was what I needed
I love my AP Econ class
Thank you!!! Helpful video!
I learn a lot from your channel.
What about when the economy is inflated does it then contract? And if in recession expand? Or vice-versa?
Inflation and contraction can occur at the same time due to decrease in AS
Keep up good work
Thanks 👍👍
Can you provide for us the origin or the background of economic growth
Well, there is various theory about the economic growth, but mostly all theory talk about labour, capital, technology, etc
You are always the best
Hi, i want to ask, what if the growth rate of real GDP is zero? But the quantities and prices between example 2001 and 2002 are different? What does it mean?
That's inflation
That's because the real output, let's say the amount of goods and services are the same, but the prices has changed, inflation or deflation. Real gdp only takes into account the amount of goods and services you produced, so a change into prices doesn't affect the measures of it. Anyway I'm not taking into account the effects of the changes of prices on the economy, I'm suposing that the changes in prices doesn't affect the real output, which in some cases it's not true.
Thank you!!!
Go froward good work
how does an increase in full employment regardless of a reduction in output indicate growth? an increase in full employment has to increase output in the economy, so how is that so?
what are the biggest challenges faced by developing countries in their efforts to realize economic growth
Inflation
Socialism
@@yashparmar5901irrelevant
look up for "dependence theory"
Depends on the country and their issue, some are governance issues, some climate, some other etc.
Thx sr🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰
I wonder how can someone dislike video like this?
Don't worry. UA-cam heard your complaint and said no more!
With the technology advancement is very difficult to achieve full employment . Plus that prices fall . How can this problem get resolved ?
The advancement of technology always entails an increase in per capita productivity. With machines, you are let's say producing more and you also have some spare people considering that jobs are lost, this directly means that your full employment 'potential' has increased, which is equal to economic growth.
Best channal sr wao
graphtopia
First🤗
Could you please provide a particular data which may represent the FULL EMPLOYMENT parameter?
UK unemployment hovered around the 5% mark for some time before the pandemic. This is as close as you can get to full employment (of labour) as I think you can find. Still, do some more research if you want to be sure. Do be aware, there is no example (that I know of) of an economy with true full employment, it just never existed and probably never will.
@@EternalShadow1667 basically there is no such a FULL EMPLOYMENT, isn't it?
@@pututp "Full Employment" is 4% to 6%. Having less or more is bad for the economy because you want people to quit their job if they find a better one or want to start a business. You don't want everyone working the same job for the rest of their lives. Upgrading your job is good for the economy. It is part of the "invisible hand" that moves workers to better businesses and shuts off unsuccessful businesses.
@@vuvuhaze where did you get this 4-6%?
@@pututp AP macroeconomics
Who dislike this vdeo?
👍👍👍👍👍
Didn’t understand 😭
THEY ARE SO CORRUPT IT SHOWS THAT YOU'RE CORROBORATING, A VIRTUAL SUPER CRIMINAL
You are always the best