Macro: Unit 1.2 -- Gross Domestic Product

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Күн бұрын

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define gross domestic product
- Compare and contrast the expenditure and income approaches used to count GDP
- Discuss how GDP is used
- Identify what is and what is not included when calculating gross domestic product
- Practice calculating nominal GDP and the percentage change in GDP
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Пікірлер: 34

@georgiaherbert4480 3 жыл бұрын

So glad I found your channel! Thank you.

@nadimalbakri 3 жыл бұрын

Many thanks for explanation, you make it simple and easy and straight forward

@napster1040 4 жыл бұрын

Beautifully explained! God bless you :)

@konikagayen4733 5 жыл бұрын

Thank you sir...concept is clear now😊

@abrortv2235 5 жыл бұрын

Very helpful videos!! Thank you!

@stanelymunemo 4 жыл бұрын

U are the best teacher ever I understand clearly whatever you say

@phoneixashes 6 жыл бұрын

Thank you for this explanation, I'm interested in the point you mentioned about how GDP can measure the successfulness of a policy, but don't you think that there are some cases where a certain policy need more than one year to measure it's effectiveness, or to thoroughly implement it? in such cases, should we look at the annual GDP from different years and not only the last one?

@ocalyst5212 5 жыл бұрын

Mr. Willis is the best!!

@bobsamson107 2 жыл бұрын

Well explained. Thank you very much Sir 😊

@shaficitahlil8966 2 жыл бұрын

Absolutely thanks sir

@darylmanual6528 3 жыл бұрын

Thankyousomuch for the learnings ❤️

@yan31796 5 жыл бұрын

You are a legend!

@mammikirecipe 2 жыл бұрын

You just made it super easy💖

@mibindominic2553 5 жыл бұрын

Thank you sir

@jamescrabbe6933 Жыл бұрын

Thanks!

@dammyola 6 жыл бұрын

love this tutorials

@YouWillLoveEconomics 6 жыл бұрын

Thanks for the support!

@jerrycobbinah4341 2 жыл бұрын

GOD BLESS YOU SIR❤️❤️❤️❤️❤️❤️

@divyagSri 5 жыл бұрын

Pls explain indicators in business cycle

@jhonrinconmalereiipainting970 6 жыл бұрын

Good job Mr. Willis!

@YouWillLoveEconomics 6 жыл бұрын

Thanks so much! I appreciate the support!

@vigneshsalways 6 жыл бұрын

This is awesome 😍😍😍

@YouWillLoveEconomics 6 жыл бұрын

Thanks so much! I'm glad you're finding the channel useful. Be on the lookout for new videos very soon!

@aliceenaie 3 жыл бұрын

Thank you

@zanecox3224 5 жыл бұрын

Thanks B

@abdimalikali9956 6 жыл бұрын

Awesome

@SerenitySlumber200 3 жыл бұрын

very useful

@jamescrabbe6933 Жыл бұрын

awesome video

@emrekandemir2244 3 жыл бұрын

This channel is really underrated :( perfect expression

@jamesdfox4693 Жыл бұрын

Im super early to learning economics on my own and lead my self to this video so my question is since a house was built in in a given year same as a car i would imagin. So used car lots buy here pay here dealers would those be counted for the present year the car dealer gave someone there service by selling them the used car?