What Is GDP? | How Does GDP Measure The Health Of An Economy?

Рет қаралды 30,768

Күн бұрын

Ever wonder about the optimal way to compare economic wealth of different countries?
Nowadays, we all wonder what does the abbreviation GDP mean as it is too often being thrown around in debates and economic reports. GDP, or Gross Domestic Product, is a measure to help determine how well a country's government can recognize its citizen’s needs and fulfill them using the resources they have at their disposal to the best of their potential. The same is elaborated in the video using real life scenarios and pleasing visual pictorials.
0:00 Unravel Introduction- Knowledge is Power
0:10 GDP Explained in easy language
0:31 GDP explained with example
0:59 What contributes to GDP?
2:55 What can a country’s government do to help the GDP?
3:52 Inclusion of import and export of goods in GDP
4:20 GDP summarised in dummy language
#GDP #GrossDomesticProduct #Economy

Пікірлер: 39

@familygera5042 2 жыл бұрын

gross domestic product- GDP explained the easiest way possible. Thanks for making the video, very helpful!

@unraveltalks 2 жыл бұрын

#GDP

@mayankmanocha4099 2 жыл бұрын

Loved how well the concept of GDP is explained

@sharangera7038 2 жыл бұрын

Explains GDP the easiest way possible. Loved it, thanks 🙏

@unraveltalks 2 жыл бұрын

Glad it helped!

@cineplexgalaxy2081 2 жыл бұрын

Gross domestic product #GDP explained the easy way. An informative video

@unraveltalks 2 жыл бұрын

Glad it was helpful!

@manjugera9383 3 жыл бұрын

Gross domestic product explained with ease! Good video

@unraveltalks 3 жыл бұрын

thanks Manju!

@iamnew8514 11 ай бұрын

I had trouble with GDP, this video helped me understand GDP in seconds. so simple!

@unraveltalks 11 ай бұрын

Thank you so much! Means a lot ✨ Would mean the world to us if you could subscribe to our channel

@eternalartist1063 2 жыл бұрын

GDP explained the easy way. Nice video ❤️

@unraveltalks 5 ай бұрын

Thank you

@pankhuri44 3 жыл бұрын

Very informative!!

@unraveltalks 3 жыл бұрын

Glad you think so!

@mahiratraveltourssdn.bhd.9064 Жыл бұрын

thank you for the excellent explaination

@unraveltalks Жыл бұрын

Glad you gained something out of it ✨ Would mean a lot to us if you could subscribe to our channel ❤️

@anandsuralkar2947 3 ай бұрын

how did u completely forget the investment part of GDP? or I understood gdp wrong?

@unraveltalks 3 ай бұрын

GDP, or Gross Domestic Product, measures the total value of all goods and services produced within a country's borders within a specific time period. It's often calculated using the expenditure approach, which includes four main components: consumption, investment, government spending, and net exports. Investment, in the context of GDP, refers to the spending by businesses on capital goods like machinery, equipment, and structures, as well as changes in business inventories. It's a critical component because it reflects the level of economic activity related to expanding and maintaining production capacity. Investment is essential for economic growth because it leads to increased productivity, technological advancement, and job creation. It's understandable if it wasn't explicitly discussed in the video, but it's certainly an integral part of understanding GDP and the overall health of an economy. Did i understand your interpreation of investment the right way?

@adekoyaremi6989 2 жыл бұрын

so what if i sell polar bears can it add to the GDP?

@unraveltalks 2 жыл бұрын

If a good is not sold in the market, there is no way to asses it’s value. Therefore any such good will not be added to the GDP of a country

@princekeanugeorge2678 11 ай бұрын

Need to make the world a better place

@unraveltalks 11 ай бұрын

Definitely ✨

@annaskgibson 11 ай бұрын

Amazing. Extremely helpful and easy to understand for getting to grips with the basics! Thank you. … (maybe a female economist cartoon in there would be nice as well though 🫣)

@unraveltalks 11 ай бұрын

Thanks Anna! Means a lot✨ Haha we can surely consider that, we do have a few female spokesperson in our team though, might as well add a cartoon as well. Would mean the world to us if you could subscribe to our channel ❤️

@anandsuralkar2947 3 ай бұрын

hehe