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Macroeconomics: Crash Course Economics #5
 
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This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1197250 CrashCourse
Chapter 28: The Aggregate Expenditure Model and Equilibrium GDP
 
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Recorded with http://screencast-o-matic.com
Views: 2132 MICHAEL WILBER
What is GDP, GNP, NDP, NNP and Per Capita Income ?
 
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This Video Explains the Concepts of Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product and Per Capita Income. To Prepare for Central and State Civil Services Exam, Download the PrepMate Android App https://play.google.com/store/apps/details?id=in.prepmate.mobile https://prepmate.in/ Want to know How PrepMate-Cengage Book Series Performed In Prelims 2018? - Out of 100 questions, 65 questions were covered completely - 43 questions' statements were ditto as written in the books - 11 Questions were covered partially To see the full details, click on the link given below: https://prepmate.in/app/uploads/2018/06/2018-Prelims-Detailed-Solutions-along-with-Source-Analysis-.pdf To Order Prepmate Cengage Book Series, Visit The Link Given Below:- https://prepmate.in/books/
Views: 52983 PrepMate Edutech
Introduction to Gross Domestic Product
 
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This video introduces the concept of Gross Domestic Product (GDP) as a measure of aggregate output or income and describes what is included in GDP. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 63647 jodiecongirl
Components of GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Thinking about how different types of expenditures would be accounted for in GDP Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 331847 Khan Academy
Macro Unit 2.1- GDP and Economic Growth
 
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In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 379722 Jacob Clifford
Aggregate Expenditure and the 45 degree line
 
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This movie goes over aggregate expenditure and its relationship with real GDP and the 45 degree line graph. It is important to understand the differences that occur with aggregate expenditure especially when the outcomes are different than what one would expect them to be. That's why we explore aggregate expenditure's relationship to the 45 degree line and talk about the intuitive implications of this relationship. More information about this topic can be found at http://www.freeeconhelp.com/2011/10/aggregate-expenditure-and-45-degree.html
Views: 92953 Free Econ Help
Real GDP driving price | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
 
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Thinking about how high utilization could drive price as another justification for an upward sloping short-run aggregate supply curve Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/historic-ad-as-scenarios/v/cost-push-inflation?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/historic-ad-as-scenarios/v/demand-pull-inflation-under-johnson?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 66250 Khan Academy
Income and expenditure views of GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Looking at a simple model of an economy Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/components-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/investment-and-consumption?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 289647 Khan Academy
Domestic Aggregates i:e GDP, NDP at FC & MP | 12th Macroeconomics National Income
 
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Domestic aggregates i:e GDP, NDP at FC & MP | Class 12 Macroeconomics National Income and Related Aggregates Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 854055 CrashCourse
Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Using real GDP as a measure of actual productivity growth Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/gdp-deflator?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 500634 Khan Academy
Measures of Aggregate Production and Income
 
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This video outlines alternative measures of aggregate production and income (i.e. other than Gross Domestic Product), including Gross National Product, Net National Product, National Income, Personal Income and Disposable Personal Income. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 9717 jodiecongirl
Limitations of GDP (gross domestic product)
 
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GDP is the most widely used measurement used to determine whether a country's economy is succeeding or failing. But it has several limitations that make it an imperfect indicator of society's overall well-being. In this video we'll examine what GDP does well, and importantly what it does not do well. For more resources for economics students and teachers visit http://econclassroom.com
Views: 2035 Jason Welker
Measuring GDP using the Income Approach and the Expenditure Approach - HD
 
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GDP is generally understood to represent the health of a nation's economy, and most people realize that if GDP is growing, things are going well, while if it's falling things have turned sour in the economy. But what, precisely, does GDP measures? There are two primary methods for measuring GDP, which should yield the same result even though they measure completely different factors. -The income approach: measures the total incomes earned by households in a nation in a year. -The expenditure approach: measures the total amount spent on the goods produced by a country in a year. By examining the circular flow model of a nation's economy, we can demonstrate why every dollar earned by a household in a nation's resource market will ultimately be spent in the product market, or leaked through taxes, savings, and import spending, leading to injections in the form of government spending, investment and export sales. In the video lecture below, the two methods for measuring GDP are introduced, and the various components it includes are explained in detail. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 298756 Jason Welker
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
 
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Republic Day Sale. Get FLAT 60% Discount on StudyIQ Pendrive Courses Click here https://goo.gl/aTFK6Q or Call 9580048004 or Live Chat Support - https://goo.gl/s68PZ1. Offer Valid till 28th January. UPSCIQ - A Monthly Magazine for UPSC IAS http://bit.ly/2DH1ZWq Videos PDFs - https://goo.gl/X8UMwF || Join StudyIQ on Telegram - https://goo.gl/xBR3g8 We're HIRING, Apply Now - http://bit.ly/2PY1sVK UPSC/CSE 2019 - https://goo.gl/UrCD46 SSC & Bank - https://goo.gl/9LQ4Ai UPSC Optionals - https://goo.gl/rtmXRU State PSCs - https://goo.gl/FDB32q Defence Exams - https://goo.gl/UEmtRz SSC JE Exams - https://goo.gl/2WyU1Z RBI Grade B - https://goo.gl/PY32m6 NABARD Grade A - https://goo.gl/C6CzAL DMRC Exams - https://goo.gl/yDnvyf Insurance Exams - https://goo.gl/iLEFxf CLAT 2019 - https://goo.gl/Burjtj Railway Jobs - https://goo.gl/5KaL7h Teaching Jobs - https://goo.gl/q117TX UPSC Prelim 2019Test Series -https://goo.gl/zkCG51 #Republic_Say_Sale #Pendrive_Courses https://goo.gl/aTFK6Q or #Call_9580048004 or Live Chat Support - https://goo.gl/s68PZ1 Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939e
Views: 182177 Study IQ education
What Is The Aggregate Production Function?
 
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Economic systems transform inputs labor, capital, raw materials into products. We use a notes 3 the aggregate production function. On accounting identities and aggregate production functions a long run growth the identity critique function measurement of economics citeseerx. Aggregate output in macroeconomics, aggregate production functions for whole nations are sometimes constructed. The formal theory for aggregation of economic quantities nonpecuniary rewards and theearl at has long been recognized 31 oct 2013 the aggregate production function measurement technical change. The purpose of this chapter is to try explain growth in gdp. These notes are fair game for quizzes and exams introduction. Note i want you to understand the main parts of these notes. The aggregate production function and its neoclassical unitn. At technology level at time t. Growth theory, the aggregate production function, definition, principles of macroeconomics section 14 main. The aggregate production function examines how the productivity depends on quantities of physical capital per worker and human this criticism suggests that estimates parameters functions cannot be regarded as reflecting underlying technology one these concepts is function, which also central to much regional growth theory. Nonpecuniary rewards and the aggregate production function jstor. K capital the sum of all machines, plants, and office buildings in economysrpen 2009revised january 9, 2008. Jesus felipe and john s. Aggregate production function 2012 book archive the aggregate describes how total real gross domestic product (real gdp) in an economy depends on available inputs. The models in this chapter are very different from the rest of book as we can write a simple aggregate production function f denotes functional relationship showing how level economic output, y, changes 16 oct 2014 abstract. A cross country empirical investigation of the aggregate production. Standard postulates concerning the aggregate production function are about marginal productivities and associated demand of nonlinear dynamics pseudo functionsdate 2005the eastern economics journal, theoretical criticisms involve both so why is widely uncritically used? . Aggregate production functions anwar shaikh. Mccombie many growth models assume that aggregate output is generated by a cobb douglas production function. Kt,lt) capital and labor at time t the aggregate production function y output. The aggregate production function chicago booth. Aggregate production function 2012 book archiveaggregate functionaggregate youtube. In theory aggregate production function. However, as franklin fisher, inter alios, has 'felipe and mccombie have gathered all of the compelling arguments denying existence aggregate production functions showing that econometric in macroeconomics, especially their role growth economics. The aggregate production function nyu stern school of business. In this article we question the empirical relevance of. The aggregate production function and the elgaronline.
Views: 71 Sityui Spun
Circular flow of income and expenditures | Macroeconomics | Khan Academy
 
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Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/law-of-demand?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/economics-introduction/v/introduction-to-economics?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 651937 Khan Academy
Short Run Aggregate Supply
 
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This video lesson covers the short run aggregate supply curve. There is a direct relationship between price level (PL) and real gross domestic product (RGDP). The inverse relationship can be explained by the sticky wage model, worker misperceptions model, and the sticky price model. There is an inverse relationship between price level (PL) and real gross domestic product (RGDP) when shifting the short run aggregate supply curve.
Views: 3803 Chris Thomas
Shifts in Aggregate Demand
 
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This revision video looks at some of the main causes of shifts in aggregate demand and the effect of this on equilibrium real GDP using AD-AS diagrams.
Views: 1745 tutor2u
The Expenditure Categories of GDP
 
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This video reviews the categories of aggregate expenditure (consumption, investment, government purchases, exports, imports) and shows how they fit together in order to count specifically the expenditure on an economy's production, or GDP. By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 316 jodiecongirl
#44, Concepts of national income | Class 12 macroeconomics |
 
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Class 12th macroeconomics...... National income and related aggregates.... Different introductory concepts of national income..... Domestic Territory..... Normal residents..... Citizen.... Factor income... Transfer income... Contact for my book(micro+macro)..7690041256 Economics on your tips video 44 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 779248 Economics on your tips
Macro Unit 2 Summary- Measuring the Economy
 
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Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate of unemployment, inflation (12:14), CPI, GDP deflato (17:59), and the causes of inflation (19:52). It also includes a pretty awesome Bonus Round (11:23). Be sure to subscribe and get the ultimate review packet. Thanks for watching. Get the packet and support ACDCEcon http://www.acdcecon.com/#!review-packet/czji Practice Multiple Choice Questions for Macro Unit 2 https://www.youtube.com/watch?v=Ks5MBWBdmQo Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 560537 Jacob Clifford
Aggregate Demand
 
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This video lesson covers the aggregate demand curve. There is an inverse relationship between price level (PL) and real gross domestic product (RGDP) when moving along the aggregate demand curve. There is a direct relationship between price level (PL) and real gross domestic product (RGDP) when shifting the aggregate demand curve. Expansionary policies will shift the aggregate demand curve to the right. Contractionary policies will shift the aggregate demand curve to the left.
Views: 828 Chris Thomas
The Expenditure Categories of GDP
 
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This video outlines the expenditure categories of Gross Domestic Product and explains how they come together in order to form aggregate output or income. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 15705 jodiecongirl
#45, Basic formulas of national income (Class 12 macroeconomics)
 
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Class 12 macroeconomics... National income and related aggregates... Basic formulas... Gross and net... Domestic and national... Factor cost and market price... Contact for my books...7690041256 Economics on your tips video 45 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 466332 Economics on your tips
(2/3)Gross Domestic Product (GDP) & Other Aggregates: Explained by MK Yadav
 
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To get Session PPT & Other Free Notes : https://goo.gl/321hSE Join Telegram to access Daily Current Affairs Notes: https://t.me/currentaffairsmkyadav The lecture (Part 2 of 3) aims to cover: 1. Gross Domestic Product (GDP) - Definition - Gross Vs. Net GDP - GDP at Factor Cost Vs. Market Price - GDP at Current Vs. Constant Prices 2. National Income Vs. Domestic Income - Measurement of National Income (Product, Income & Expenditure methods) - Inclusions & Exclusions in measurement of National Income - Methods of measurement used in India 3. Other Key Aggregates - National Income, Private Income, Personal Income, Personal Disposable Income, Per Capita Income
Views: 3501 MK Yadav - theIAShub
Fundamentals of Macroeconomics Unit:  Understanding Gross Domestic Product
 
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Your IB Economics Course Companion! This is video 3 of 4 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/
Views: 3206 Econ Course Companion
Parsing gross domestic product | GDP: Measuring national income | Macroeconomics | Khan Academy
 
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Understanding what GDP does and doesn't measure. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/more-on-final-and-intermediate-gdp-contributions?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/circular-flow-of-income-and-expenditures?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 320794 Khan Academy
Level 1 CFA Economics: Aggregate Output Prices and Economic Output-Lecture 1
 
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This video is valid for both 2018 & 2019 CFA exams. This CFA exam prep video lecture covers: Aggregate output and income Gross Domestic Product (GDP) and its calculations Nominal and real GDP For the COMPLETE SET of 2018 Level I CFA Videos sign up for the IFT Level I FREE VIDEOS Package: https://ift.world/free Subscribe now: http://www.youtube.com/user/arifirfanullah?sub_confirmation=1 For more videos, notes, practice questions, mock exams and more visit: https://www.ift.world/ Visit us on Facebook: https://www.facebook.com/Pass.with.IFT/
Views: 13890 IFT
Week 1 Macroeconomics and Gross Domestic Product (GDP) FULL
 
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Principles of macroeconomics; The General Theory of Employment, Interest and Money; John Maynard Keynes; Economic and macroeconomic study of individual decision making; scarce resources; market economy; market mechanism; market equilibrium; magic of markets; long run growth; fundamental theorem of welfare economics; optimal allocation of resources; no free lunch; Pareto optimality; John Maynard Keynes; The General Theory of Employment, Interest and Money; indicators and performance; gross domestic product (GDP) for United States (USA); recessions are an interruption of the increase of GDP; rate of inflation; unemployment; Political economy or economics is a study of mankind in the ordinary business of life; Alfred Marshall; hypothesising; hypothesizing; long run economic growth; macroeconomic themes; United States (USA) Federal Reserve (the Fed); monetary policy; interest rate targeting; GDP and inflation; cutting interest rates to encourage spending by firms and individuals; low interest rates; quantitative easing (QE); liquidity is pumped into the economy by the Federal Reserve buying assets in the private sector; encouraging aggregate spending in the economy; fiscal policy; government spending and tax; budget deficit or budget surplus; fiscal policy multiplier; government debt; raising living standards; sustainable public debt; sustainable private debt; per capita GDP; managing the business cycle; Ben Bernanke; Global Financial Crisis; monetary policy; central banks; inflation; household saving; Principles of macroeconomics; gross domestic product (GDP); United States (USA) imports and exports; flow of economic activity; stock; measure of economic activity; production; expenditure; income; Economic activity; production; intermediate good; final good; factors of production; labour; labor; capital; physical tangible assets that firms use; value added resources; consumption by households, government and foreigners; households consume durable goods; investment expenditure for future consumption; budget surplus; budget deficit;
Views: 16662 Melb Univ
How GDP is calcualted in India | National Income | Gross Domestic Product Calculation
 
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Support us : https://www.instamojo.com/@exambin/ Download our app : http://examb.in/app GDP or National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. While uncoding the definition we can easily figure out what is GDP. Measuring the level and rate of growth of national income (Y) is important for keeping track of: • The rate of economic growth • Changes to living standards • Changes to the distribution of income between groups within the population Gross Domestic Product • Gross domestic product (GDP) is the total value of output produced in a given time period • GDP includes the output of foreign owned businesses that are located in a nation following foreign direct investment. For example, the output produced at the Nissan car plant in Chennai contributes to the India’s GDP how gdp is calculated in india,how gdp is calculated There are three ways of calculating GDP - all of which in theory should sum to the same amount: National Output = National Expenditure (Aggregate Demand) = National Income (i) The Expenditure Method - Aggregate Demand (AD) The full equation for GDP using this approach is GDP = C + I + G + (X-M) where • C= Consumer spending • I = Investment (Gross fixed Capital Formation) • G= Government Spending • X= Exports • M= Imports ii. The Income Method – adding together factor incomes GDP is the sum of the incomes earned through the production of goods and services. This is: how gdp is calculated in india with example,gdp of india Income from people in jobs and in self-employment (e.g. wages and salaries) • + • Profits of private sector businesses • + • Rent income from the ownership of land • = • Gross Domestic product (by sum of factor incomes) Every year, billions of pounds worth of activity is not declared to the tax authorities. This is known as the shadow economy. And the money involved is commonly known as Black Money. Published figures for GDP by factor incomes will be inaccurate because much activity is not officially recorded. iii. GDP by Output (Value Added) Gross Value Added and Contributions to a nation’s GDP • There are three main wealth-generating sectors in an economy – manufacturing and construction, primary (including oil& gas, farming, forestry & fishing) and a wide range of service-sector industries. • This measure of GDP adds together the value of output produced by each of the productive sectors in the economy using the concept of value added. . gdp full form, gnp and gdp Value added is the increase in the value of goods or services as a result of the production process Value added = value of production - value of intermediate goods Say you buy an Onion Dosa from a restaurant for Rs.60/-. This is the retail price and will count as consumption. The Dosa has many ingredients at stages of the supply chain – Rice Growing farmers, Batter Makers, Onion Producers, Various Masala Ingredient Makers and also the value created by the restaurant as they put the Dosa together and deliver to the consumer. Manufacturing & Industrial Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction. In 2016, the Indian manufacturing and Industrial sector accounted for 29% of total Indian GDP. national income,how gdp affects the economy,how gdp growth rate is calculated Manufacturing in the World Economy • The creative force behind 10bn unique products • It accounts for 15-20 per cent of world economy • It employs roughly about 5 pc of world population) The main service sector industries in India are: gdp how to calculate,how gdp is calculated in india, • The majority of Indian GDP comes from service industries such as banking and finance, software, tourism, retailing, education and health. In 2016, the service sector accounted for 54% of economic output, the Industry and manufacturing sector for 29% and the Agriculture sector for 17%. Agricultural and Allied Sector : gdp explained in telugu,gdp explained in tamil,gdp in simple language,gdp in simple words,gross domestic product,gross domestic product explained,Gross Domestic Product Calculation Agriculture sector includes Agriculture (Agriculture proper & Livestock), Forestry & Logging, Fishing and related activities AND its accounted for 17% of INDIA GDP 2016   Per Capita Gross National Income How much does each person earn on average? We use per capita measures to give us a guide to this. Income per capita is a way of measuring the standard of living for the inhabitants of a country. Gross National Income per capita = Gross National Income / Total Population
Views: 5538 Exambin
GDP, Unemployment, Inflation- EconMovies #6: Back to the Future
 
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EconMovies explain economic concepts through movies. In this episode, I use the Back to the Future Trilogy to introduce the concepts of GDP growth, Nominal GDP, Real GDP, unemployment, and inflation. Good luck studying economics. This is heavy Doc!
Views: 254516 Jacob Clifford
#55, GDP and welfare, current and constant price, deflector etc (Class 12 macroeconomics)
 
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Class 12 macroeconomics.... GDP and welfare..... National income at current and constant price.... GDP at current and constant price.... Contact for my book 7690041256 Economics on your tips video 55 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 150527 Economics on your tips
Fundamentals of Macroeconomics Unit:  The Difference Between GDP vs. GNP
 
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Your IB Economics Course Companion! This is video 5 of 12 videos in "The Fundamentals of Macroeconomics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Macroeconomic playlists… Fundamentals of Macroeconomics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v Aggregate Demand and Aggregate Supply Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGyyUCGXdTWNgfkKJ9_0l6q Macroeconomic Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGZBoaxdZHC9mokrwtXT4Xg Low Unemployment Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCxtc5-8q_AJseZFYbVeA4 Low and Stable Rate of Inflation Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGfCtnjSTIPQhZkZxzZM2Pf Economic Growth Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFxkSsb8p3fCrx0Z3i59REX Equity in the Distribution of Income Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEFqlgvMNOhJ3pei2zXyuhD Fiscal Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGCPnKi4Er5FH8s_SV_WXH3 Monetary Policy Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFCISVn47ZJzL7qx291zlS7 Supply-Side Policies Series https://www.youtube.com/playlist?list=PLNI2Up0JUWkGczuu4Frzrw9oBgp2GU4e5 Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/
Views: 62168 Econ Course Companion
#47, Domestic,private,and disposable income (Class 12 macroeconomics)
 
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Class 12 macroeconomics.... Categorisation of domestic income.... Private Income...... Personal income..... Personal disposable income........ Contact for my books(micro+macro) 7690041256 Economics on your tips video 47
Views: 329425 Economics on your tips
Gross Domestic Product (GDP)—Nominal GDP, Real GDP, & the GDP Deflator
 
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In this video Heimler explains how to understand and calculate a nation's Gross Domestic Product.
Views: 339 Steve Heimler
What Is The Meaning Of Gross Domestic Product?
 
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Also known as nominal gdp gross domestic product is an aggregate measure of production equal to the sum values added all resident institutional units engaged in. See more gross domestic product meaning, definition, what is the total value of goods and services produced by a country in one year does mean? 'gross' signifies that no deduction has been made for depreciation machinery, box originating definition relationship to. Economics) a measure of the economic production particular territory in definition gross domestic product (gdp) at current prices is gdp reporting period. It is often cited in newspapers, on the definition of gross domestic product total value goods produced and services provided a country during one year definition, national excluding payments foreign investments. Gdp is the total value of everything produced by all oecd defines gdp as 'an aggregate measure production equal to sum gross values added resident and domestic product (gdp), market goods services a country's economy during specified period time. Gross domestic product (gdp) an economy's all back to basics gross. It includes all definition of gross domestic product (gdp) the value a country's overall output goods and services (typically during one fiscal year) at market prices, gdp is final produced within geographic boundaries country specified period time, normally broadest quantitative measure nation's total economic activity. Gross domestic product meaning in the cambridge english dictionary. More specifically, gdp represents the monetary value of 26 apr 2011 gdp, or gross domestic product, is arguably most important all and two consecutive three month periods contraction mean an significance measure economic activity in a country, product crossing point sides economy learn more about including definition, different methods calculation, their pros & cons, why it matters by tim callen what. Gross product, or gross product originating (gpo), by industry is the 3 nov 2011 domestic gdp, arguably key indicator to that could mean loans for cars and homes would be more expensive (usually uncountable, plural products). What is gross domestic product (gdp) definition & calculations. Box gross product originating definition and relationship to domestic cnbc explains oecd glossary of statistical terms (gdp (gdp) statistics. Gross domestic product (gdp) investopedia. One of the most common is gdp, which stands for gross domestic product. Though 30 jul 2017 definition gross domestic product is the best way to measure a country's economy. Gdp gross domestic product a key concept in economics. What is gdp? Definition of gross domestic product the balancegross. Definition of gross domestic product in dictionary. Definition & formula what is gross domestic product (gdp)? and meaning definition of 'gross product' the economic timesbest. Gross domestic product (gdp) investopedia gross is the monetary value of all finished goods and services produced within a country's borders in specific time period. Gross domestic product q&a what is gdp? Bbc news bbc. Gross domestic product (gdp) wikiprogress.
Views: 4 Bet My Bet
Gross domestic expenditure and  expenditure on gross domestic product
 
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Is the following statement true or false? Explain your answer. If imports exceed exports gross domestic expenditure exceeds expenditure on gross domestic product.
Views: 3397 lostmy1
Economics: Flow of income and expenditure
 
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GDP = aggregate expenditure = aggregate income GDP = C+I+G+(X-M) = Y
Views: 631 MyFinanceTeacher
#32 National Income and related aggregates #national income # 04
 
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Economics class 12th # Macroeconomics #National income #National income and related aggregates, relation between national income and Domestic income NNP and GDP NNP and GNP NNP and NDP GDP and GNP National income in Hindi national income part 4 Economics with SK national income by Kumawat sir class 12th commerce अर्थशास्त्र https://youtu.be/YV4yXA3HvII https://youtu.be/0e6AwTCFKRM https://youtu.be/chGu1Nh_bcE https://youtu.be/NLAdW8iFXpg Join // students power https://www.facebook.com/groups/195983501032397/
Views: 77 Economics with SK
#49, Value added method of national income (Class 12 macroeconomics)
 
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Class 12 macroeconomics.... Methods of calculating national income.... Value added method of calculating national income.... Contact for my book..7690041256 Economics on your tips video 49 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 769001256
Views: 356231 Economics on your tips
Word of the Day: Gross Domestic Product (GDP)
 
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GDP is defined as the monetary value of all the finished goods and services produced within a country's borders in a specific time period. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. So GDP then is really just a measure of economic activity within a nation's own borders. But what does that really tell us about the health of an economy? After all, GDP was growing up until the financial crisis of 2008 (it first contracted in the 3rd quarter of 2008). Well, this is because although GDP can tell us plenty about the extent of economic activity, it tells us absolutely nothing about the quality of that activity, and thus the sustainability of that very growth. The housing bubble, after all, was great for home builders, banks and retailers, but it turned out to be a really bad investment for the economy that blew up as a global financial crisis after only a few good years of partying on cheap credit. To Watch full episode of Capital Account with Lauren Lyster check out http://www.youtube.com/capitalaccount Follow Lauren on Twitter: https://twitter.com/laurenlyster
Views: 4790 RT America
GDP - Gross Domestic Product
 
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- created at http://animoto.com
Views: 2260 TrumpetKid15
The Aggregate Expenditure Model | Macroeconomics
 
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Learn all about the aggregate expenditure model in just a few minutes! Professor Jadrian Wooten of Penn State University walks through the aggregate expenditure model (also known as the Keynesian cross diagram), including how to calculate aggregate expenditure and consumption as a factor of real domestic product. Learn all about Macroeconomics in Course Hero's study guide here: https://www.coursehero.com/sg/macroeconomics/ Explore Course Hero’s collection of course and literature study guides here: https://www.coursehero.com/sg/ About Course Hero: Course Hero helps empower students and educators to succeed! We’re fueled by a passionate community of students and educators who share their course-specific knowledge and resources to help others learn. Learn more at http://www.coursehero.com. Master Your Classes™ with Course Hero! Get the latest updates: Facebook: https://www.facebook.com/coursehero Twitter: https://twitter.com/coursehero
Views: 13 Course Hero

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