Difference in Nominal GDP and Real GDP explained? Nominal GDP vs Real GDP, Current Affairs 2020

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  • Опубліковано 11 січ 2020
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КОМЕНТАРІ • 234

  • @studyiqofficial
    @studyiqofficial  4 роки тому +23

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    • @rsp9129
      @rsp9129 4 роки тому

      forcast inflanation, consensun inflantion?

    • @ankit_i
      @ankit_i 4 роки тому

      Is "GDP growth" "addition" to the previous year OR the difference to the GDP of previous year and this year???????????

    • @vikaschaurasia5826
      @vikaschaurasia5826 4 роки тому

      Does wheat value considered in GDP

    • @rohanroy7872
      @rohanroy7872 4 роки тому

      Sir u made mistake at 10:33

    • @ravee963
      @ravee963 3 роки тому +1

      India government give Nominal GDP ? GDP -23% is real or nominal ?

  • @brokenpanther8066
    @brokenpanther8066 4 роки тому +149

    This man has very deep knowledge on economy.
    But the most imp thing is that he always speaks truth!

    • @hrudayaranjansahoo2781
      @hrudayaranjansahoo2781 3 роки тому

      Correct. This man is surely a gem in StudyIQ (Btw, the entire team of StudyIQ is gold).

  • @ABDULBASIT-sr2dd
    @ABDULBASIT-sr2dd 3 роки тому +34

    Respect for Ankit Agarwal from Pakistan (Y), This how we should compete not in war or BOP.

  • @thundergaming7134
    @thundergaming7134 4 роки тому +20

    Mai Commerce background se nahi hoo phir bhi pura samaj aaya thanku sir your teaching techniques are great 🙏

  • @garg6235
    @garg6235 4 роки тому +81

    Sir 10:54 ,2.9 tn ($) is our nominal GDP not real GDP .
    Kindly highlight this comment to prevent further confusion.

  • @India-TheNextSuperPower
    @India-TheNextSuperPower 4 роки тому +8

    *Amazing!!!*👌👌👌
    WoW...
    Sir aap log bahut dil lgakr smjhate h🙏🙏🙏

  • @sameerchaudhari710
    @sameerchaudhari710 4 роки тому +5

    Thank u sooo much.. This is what I was looking for

  • @pradeepverma5382
    @pradeepverma5382 4 роки тому +14

    You r really great sir,,no any adv

  • @its._.tusharr
    @its._.tusharr 4 роки тому +4

    Happy to see this ki ab economics par bhi dhyan diya ja raha hai

  • @AFKavya
    @AFKavya 4 роки тому +2

    Sir , you are the best faculty for economic on study iq platform ....we will remember you for our entire lifetime ....

  • @haridasbadade9321
    @haridasbadade9321 4 роки тому +1

    बहोत आसान भाषा में समझाया है सर.Thanks.

  • @lifelonglearning94
    @lifelonglearning94 4 роки тому +4

    Thnx alot sir..u r a good teacher...

  • @SURAJGUPTA-ps5ck
    @SURAJGUPTA-ps5ck 4 роки тому +2

    We are out of words to express our gratitude towards you🙏

  • @AmitChaudhary-qx5mc
    @AmitChaudhary-qx5mc 4 роки тому +26

    Ankit sir is just amazing..

  • @GulshanKumar-dk7sq
    @GulshanKumar-dk7sq 2 роки тому +1

    Such a amazing teacher Ankit Agarwal sir ❤

  • @tenzindajon
    @tenzindajon 4 роки тому +1

    Nice lecture Sir, Thanks a lot......!

  • @abhinavitsmebellamy
    @abhinavitsmebellamy 4 роки тому +1

    Great video. Thanks!!

  • @RahulSingh-bd9gj
    @RahulSingh-bd9gj Рік тому

    Thanks bro very simple and in depth difference 👍👌

  • @vaishnavidubey2611
    @vaishnavidubey2611 Рік тому +1

    Outstanding Explanation Ankit Sir👓

  • @drkarmabeer
    @drkarmabeer 4 роки тому +1

    Great 👍🏿 much informative

  • @Erraviialways4uupsc
    @Erraviialways4uupsc 4 роки тому

    Love your lectures....so nice

  • @srashtigupta9988
    @srashtigupta9988 4 роки тому +1

    Very knowledgeful. Thank u

  • @mdazharuddinkhan4869
    @mdazharuddinkhan4869 3 роки тому +12

    Thank you sir.. These 2 videos on GDP are like my evergreen reference..
    I was solving a mcq and could not understand the answer but after seeing these 2 videos, I was able to solve it.. Thank you so much sir for these beautiful videos

  • @satishsharma4328
    @satishsharma4328 4 роки тому +2

    Well explained sir... 👍👍👏👏👏👌👌👌👌

  • @thestoicfella
    @thestoicfella 4 роки тому +1

    Much grateful to you Ankit bhaiya 🧡🙏

  • @nishi1507
    @nishi1507 Рік тому

    Amazing explanation... Thanku sirr😅

  • @santoshkumarverma3398
    @santoshkumarverma3398 Рік тому

    Thankyou for this video session sir🙏

  • @gudduduggu8729
    @gudduduggu8729 4 роки тому +3

    Very helpful video sir..:-)

  • @sonuofficaltake8277
    @sonuofficaltake8277 3 роки тому

    Understanding capsules hai apke pas sir sari video turant clear ho jata hai

  • @yaniyanglomtung8640
    @yaniyanglomtung8640 4 роки тому +2

    Hi sir iam ur new subscriber 😊....... thank-you for this video

  • @tusharanand1825
    @tusharanand1825 4 роки тому +6

    Hi Sir,
    As per Wikipedia the GDP of India is 2.9Trillion in nominal terms. However, in your video, you said it was in Real terms

  • @darshanaranka4851
    @darshanaranka4851 3 роки тому

    Full concept clarity😎❤

  • @poulamdwibedi9274
    @poulamdwibedi9274 3 роки тому

    Ankit Sir's videos are the best!!

  • @biswajitghosh7983
    @biswajitghosh7983 3 роки тому +1

    Thanks a lot sir❤️

  • @masifkhan5836
    @masifkhan5836 3 роки тому +1

    Thanku

  • @sahilkhan-gl6sk
    @sahilkhan-gl6sk 4 роки тому

    DNNAYVAAD SIR APKA 👍 👍
    And TNX TEAM STUDY IQ 👍 👍 👍

  • @yashchhajerh7003
    @yashchhajerh7003 4 роки тому +1

    AMAZING VIEIO
    very nicely explained about GDP
    VERY GOOD TEACHER
    CONFIDENT
    CAN YOU PLZ MAKE A VIDEO ON FISCAL POLICY AND MONEATRY POLICY
    THAT WILL BE HELPFULL

  • @ghafurkhan6456
    @ghafurkhan6456 2 роки тому

    Thank you so much sir 👍🏼👍🏼👍🏼👍🏼

  • @markettraderamit5673
    @markettraderamit5673 Рік тому

    nice explanation ankit sir

  • @SanjivKumar-eh5vi
    @SanjivKumar-eh5vi 4 роки тому

    Well explained👍👍

  • @sadia196
    @sadia196 2 роки тому

    Thanks!!

  • @Sonuprajapati-yn5mg
    @Sonuprajapati-yn5mg 4 роки тому +2

    Pl make a video on ......
    how banks do the digital money transaction in all banks .....and how to circulate physical money.

  • @AjayPatel-te4kb
    @AjayPatel-te4kb 3 роки тому

    Thanks a lot sir

  • @pranavgandhi9224
    @pranavgandhi9224 3 роки тому +1

    great explantion buddy

  • @christinarose5538
    @christinarose5538 2 роки тому +1

    Thanks for clearing my concept. I watched 2-3 videos but was unable to understand. At last
    Chalo Ankit sir se samajh lete hai 🙂

  • @kushagragupta1758
    @kushagragupta1758 4 роки тому +1

    Now I'm clear with this difference in gdp's

  • @IdleBaba
    @IdleBaba 4 роки тому

    Sir economics theory ke upor ek video bonaye.

  • @ashneebharti
    @ashneebharti 4 роки тому

    Thanks bro

  • @rabinshahi187
    @rabinshahi187 2 роки тому

    Wow! Very good

  • @sayeshamahajan
    @sayeshamahajan 3 роки тому

    Amazing 👍

  • @chiragmunjal6788
    @chiragmunjal6788 4 роки тому +1

    Thanks so much

  • @maitrayeedihingia6987
    @maitrayeedihingia6987 2 роки тому +1

    Sooo clear to understand

  • @radhikagupta419
    @radhikagupta419 3 роки тому +1

    thank you sir :)

  • @RiteshKumar-tz8lj
    @RiteshKumar-tz8lj 4 роки тому

    Thank you sir ji

  • @ashishpandeyuk07
    @ashishpandeyuk07 4 роки тому +1

    Best I have ever seen

  • @shariquenawaz5173
    @shariquenawaz5173 3 роки тому

    What a good teacher

  • @chetnasaxena1408
    @chetnasaxena1408 Рік тому

    Thank u sir🙏

  • @user-uu8qn3re5z
    @user-uu8qn3re5z 4 роки тому +8

    One of the Best teachers of studyIQ.
    Thank u

  • @taniachugh5806
    @taniachugh5806 3 роки тому +2

    While calculating the GDP using base year prices, now suppose there are few new goods produced in market. Are those goods would include in GDP figures or not? Please explain in detail

  • @vivekkumar-ji1fp
    @vivekkumar-ji1fp 4 роки тому +1

    Sir can you provide a video on financial inclusion in india in detail

  • @arunprasad5944
    @arunprasad5944 3 роки тому

    ankit sir is gem for us

  • @kishangarg3101
    @kishangarg3101 4 роки тому +1

    Tq sir best video

  • @ravitank9899
    @ravitank9899 4 роки тому

    Thanks sir

  • @vaibhavsalke866
    @vaibhavsalke866 4 роки тому +1

    Very good explanation sirji, please provide the pdf on youtube itself or on your telegram channel

  • @mwb327
    @mwb327 2 роки тому

    Thnxxx sir g

  • @disasiga211
    @disasiga211 3 роки тому

    Thank u ankit sir.

  • @sachinmalage8195
    @sachinmalage8195 3 роки тому

    sir your are awsm n great

  • @ameetkumar3178
    @ameetkumar3178 3 роки тому

    Thx

  • @user-il1kq5oq9s
    @user-il1kq5oq9s 3 роки тому

    Sir iam ur regular customer
    Definityly ई become a good teacher ऑफ इकोनॉमिक्स

  • @manishasatpute5344
    @manishasatpute5344 4 роки тому

    Very nice

  • @atulmishra765
    @atulmishra765 4 роки тому

    Sir inflation aur deflation pe ek video bana dijiye please sir bahut doubt hai

  • @koserparveen18
    @koserparveen18 3 роки тому

    Amazing

  • @AnkitSingh-mf4cb
    @AnkitSingh-mf4cb Рік тому

    Grda macha dela maar saab 💯💯

  • @gauravverma255
    @gauravverma255 4 роки тому

    Thank u sir

  • @satyam19online
    @satyam19online 4 роки тому

    Thanku sir

  • @shubhamrana1104
    @shubhamrana1104 4 роки тому +1

    Please provide video on FRBM act. 2003

  • @neemainspiresindia8664
    @neemainspiresindia8664 Рік тому

    Thank god smaj
    h aa gaya

  • @mudasir5727
    @mudasir5727 3 роки тому

    Great sir

  • @rabinupadhaya7232
    @rabinupadhaya7232 4 роки тому +3

    In the graph, Inflation cannot be the only factor for fall in nominal GDP.🤔🤔🤔

  • @upscaspirants6117
    @upscaspirants6117 2 роки тому

    Behtren sir

  • @mdkamalhasan5066
    @mdkamalhasan5066 4 роки тому

    nice video

  • @findingmyhappiness6051
    @findingmyhappiness6051 4 роки тому +1

    Sir please make a video about Government Debt and What will happen if country doesn't pay debt and How Government can repay debt , Eg - Usa has 24 Trillion Debt , now how they will pay off debt ?

  • @pritidajgaye8161
    @pritidajgaye8161 Рік тому +1

    Thank you sir 🥹

  • @akshayingle1087
    @akshayingle1087 4 роки тому +1

    Sir jan ke banking awareness please ASAP 19 ko mains he to ek week pehele mil jae to acha hoga🙏🙏🙏

  • @MukeshOjha350
    @MukeshOjha350 4 роки тому +1

    It's jhakkas.. explanation

  • @kuldeepdussad3621
    @kuldeepdussad3621 2 роки тому

    Nice

  • @enggpratap.634
    @enggpratap.634 4 роки тому

    Sir December ke current affairs provide kra dijiye sir ...bhut imp hai sir

  • @abhishekchakraborty2024
    @abhishekchakraborty2024 4 роки тому

    Can growth rate be negative.plz explaine sir

  • @mwb327
    @mwb327 2 роки тому

    Love you Ankit sir

  • @Tushar-qj4lx
    @Tushar-qj4lx 4 роки тому

    Good

  • @ABDULQADIR-po6fs
    @ABDULQADIR-po6fs 4 роки тому

    what is if amount of produced goods and inflation both increases ??

  • @kailashnathverma3344
    @kailashnathverma3344 3 роки тому +1

    For calculation of real GDP in 2019, whether to add 500/- in real GDP on 2018 and not nominal GDP of 2018. So previous GDP May be real or nominal. Am I right, Sir?

  • @rijutagoswami4297
    @rijutagoswami4297 3 роки тому

    can someone please explain what if the quantity of goods produced are different for 2019 and 2012?

  • @kunwarlekhrajsingh7043
    @kunwarlekhrajsingh7043 4 роки тому +12

    Crystal clear 💥

    • @harshaswell
      @harshaswell 4 роки тому

      Is the base year same for every country? (it should be if we are comparing GDPs of various nations)

  • @mr.rahulsureshraokinkar4877
    @mr.rahulsureshraokinkar4877 4 роки тому

    Sir base year kaise lete hai... Matlab 2012 hi kyu liya... Uska calculation kaisa hota hai.

  • @vishalsinghtanwar7607
    @vishalsinghtanwar7607 3 роки тому +2

    Agar sir hum ye 11-12 se 17-18 katenge to Kya pehle ki total GDP (2020 tak ki) ko bhi 17-18 price me convert karna padta h?

  • @harshaswell
    @harshaswell 4 роки тому +2

    sir..., Is the base year same for every country? (it should be if we are comparing GDPs of various nations)

  • @yashgupta4321
    @yashgupta4321 4 роки тому +1

    Is it so that growth or whatever amount of goods we are producing every year is our growth... Then what about negative growth?

  • @Challenging2024
    @Challenging2024 4 роки тому +2

    Woww! Thank you Sir.

  • @aaaarish
    @aaaarish 3 роки тому +1

    But I couldn't see any difference. Sorry if I sound dumb but I had heard that real gdp doesn't include inflation price but nominal does. You just calculated both the things with the same formula.