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GDP explained | What is GDP? | How is GDP calculated? | Income vs Expenditure Approach
 
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What is GDP (Gross Domestic Product) -- GDP is the total monetary value of the final goods and services produced within the geographical boundaries of a country in a given period of time. For a more detailed explanation of the terms: GROSS: The depreciation in the capital assets of the country, occurred during the year is inclusive. This means, the monetary value of loss of assets due to production activities had not been deducted. If we do deduct it, it becomes NET. DOMESTIC: Domestic implies, produced within the geographical boundaries. It does not take into account the country's earning outside its geographical boundaries, or foreign remittances. Neither does it deduct transfers outside of the country. If these remittances are added and the transfers deducted, the value becomes NATIONAL. PRODUCT: The final goods and services. Final implies that intermediate goods are not taken into account. For example, wheat sold for final consumption to consumers will be taken into account, but the amount of wheat sold to bakeries for further production of bread will not be added. The value of bread will be taken into account which will be inclusive of the value of its input: wheat. This is done to avoid double counting. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
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: 314959 Jason Welker
Calculating Gross Domestic Product
 
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This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage change in GDP from year to year. 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: 176897 jodiecongirl
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/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 71222 Econ Course Companion
Difference between GDP and GNP
 
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Why is the GNP of East Timor nearly four times their GDP? And why is Ireland's GNP only 85% of their GDP? This short revision video explains.
Views: 42253 tutor2u
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
 
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In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/value-added-approach-to-calculating-gdp-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics 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! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 24292 Khan Academy
Explaining the Gross National Product
 
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Views: 20423 THINK & GROW RICH
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: 418498 Jacob Clifford
What is Gross Domestic Product (GDP)?
 
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Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
GDP and GNP in Economics
 
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Gross National Product (GNP) is an economic statistic that includes GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents. Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.
7 THE GDP EQUATION
 
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Description
Views: 11021 Shafiq Fakir
Measuring GDP: Output and Value-added Approach
 
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Transcript: 1 Looking at the Circular Flow of Income, 1 We see that stuff just gets transformed in different stages. 1 Firms use factors of production from households, 1 Perform some magic, 1 And Tada! You get goods and services 1 These are sold back to households. 1 Households pay for these stuff too, 1 Which reflects the value of these goods. 2 So this arrow, the National Expenditure, 3 And this arrow, the National Output. 4 Should be roughly equivalent. 5 Because when firms sell goods to households, 6 It's just goods transformed into money 7 Hey, where does all this money on spending come from? 8 It comes from income made by the households. 9 So this arrow, the national income, 10 also equals to national expenditure. 11 We see that National Income = National Expenditure = National Output. They are just in different stages of the Circular Flow of Income. 12 So how do we measure GDP? 13 We can measure the total output, the total final goods and services. 14 Why only final goods and services? 15 Take the production of sandwiches for example. 16 First, we need labor 17 to harvest wheat, 18 then wheat goes into the production of flour. 19 Flour goes into the production of bread, 20 And bread goes into the production of sandwiches. 21 We then sell the sandwich at $5. 22 Tada! GDP equals to $5. 23 This $5 already includes the value of labor, flour, wheat and bread 24 that went into the production of sandwich. 24 We don't have to add these things again. 25 See, if you add the value of these things, 25 On top of the sandwich, (1 + 2 + 3 + 4 + 5 = 15 ) 26 It's $15, way higher than $5. 27 Because you've double-counted, and it's wrong. 28 Alternatively, we can use the value-added approach 28 We measure the additional value that is created in every stage of production. We start from zero. Labor doesn't require any other input. So labor itself is pure value. Using this labor, we grow wheat. Wheat is sold at $2. What is the additional value created? Remember we got to minus the cost of production which is labor. So $2 - $1 = $1 $1 of additional value created. Using wheat, we make flour. Flour is sold at $3. What is the additional value created? We got to minus the cost of production which is wheat. $3 - $2 = $1 $1 of additional value created. Do the same for the rest Bread adds value to flour. And sandwich adds value to bread. Add up all the additional value created by each stage of production, We get $5 as well. Wow! 29 You see, Output approach and value-added approach are quite similar. 29 In value-added approach, you add up all the additional value 30 Which is just the value of the final output. 31 Hey, that's not the only way to measure GDP… 31 If you like this video, remember to like and subscribe. 32 Next up: measuring GDP: Expenditure and Income Approach. _____________________________________________________ How do we measure the size of the economy? We can calculate the total output produced. Why do we only count FINAL goods and services towards gross domestic product (GDP)? What's double-counting? What is the difference between intermediate goods and final goods? Important definitions: Gross Domestic Product or GDP is the total value of all final goods and services produced within the borders of a country during a given period. Use flashcards to remember these definitions: http://www.memrise.com/course/461808/economics-101/
Views: 59094 Economics Mafia
concept of GDP at factor cost ; GDP at market price ; GNP at factor cost ; GNP at market price
 
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meaning of NFIA ; NIT ; IT ; S and difference between GDP and GNP .. all are here..
Views: 8475 Economics Point
Product Method - National Income
 
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This lesson is meant for II-ISC and CA CPT students. Since it provides the various steps involved in the calculation of National Income, viewers are requested to listen with utmost attention. If you need any clarification, you are welcome to contact me through eMail or Google hangout. First listen to National Income-GDP at Market Price - Part-1 This is the link https://www.youtube.com/watch?v=lXe1WYMATHs For more videos on Economics and Statistics, visit my BLOG http://economics-nallasivam.blogspot.in Send your feed back to - [email protected]
Views: 14663 Vellaichamy Nallasivam
GDP Basics of Expenditure Approach
 
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Visit- www.edunirvana.com, to know more about our latest product- Economics Lab! (Fastest and surest way to learn Economics!) This video consists of small snippets of story called no money island. This story is designed to be most innovative, efficient and effective way to learn basic concepts of Macroeconomics In this 7 minutes video learner will learn about concept of GDP. In this story we have explained 100's of concepts like this. In this story the learner would see how king and his ministers have evolved the island's inefficient economy from an arcane barter system to robust and thriving economy by introducing the concepts of money, financial system, central bank and consumer price index. The Story also shows how this island started trading with other nearby islands to harness its competitive advantage, how it evolved its exchange rate and balance of payment, how it started measuring economy's health and how it started differentiating between real and nominal values.
Views: 164374 Ashutosh Seth
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: 348245 Khan Academy
Gross National Product (GNP)
 
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Gross National Product (GNP) is the total value of goods and services produced by an economy over a particular period of time. - created at http://www.b2bwhiteboard.com
Views: 13791 B2Bwhiteboard
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: 300434 Khan Academy
What Is the Factor Income Approach?
 
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The factor income approach, or simply income approach, measures gross domestic product (GDP) by adding up employee compensation, rent, interest, and profit. ----------------------------------------------------------------------------------------- Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Dictionary of Economics Course: http://bit.ly/2u2BF55 Additional practice questions: http://bit.ly/2GcaycJ Ask a question about the video: http://bit.ly/2u4blr5 Help translate this video: http://bit.ly/2FQ1ISk
Income approach to GDP
 
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Income approach to GDP
Views: 10002 Martha Rush
What is GDP ? | How to calculate GDP ?? Hindi Explained.
 
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What is GDP ? | How to calculete GDP ?? Hindi Explained. Hello Friends.... This video is for Basics of GDP, Easy to understand hope you like. Please share this knowlage with your friends. ** Got Copyright on my #Vlog7 !! Link :- https://www.youtube.com/watch?v=wh4QaWd0ZDM Copyright Vlog Link : https://www.youtube.com/watch?v=hUoHC... Gears I Used for this Videos & Other Best buy Links. 1. Tripod :http://amzn.to/2nHXJ03 2. Mini Tripod : http://amzn.to/2nHWXjs 3. Mobile Camera : http://amzn.to/2mMw12R, http://amzn.to/2nI2ir9 4. Best Buy Links For Camera : http://amzn.to/2mMBW89 5. 32 GB Memory Card : http://amzn.to/2neLWmR 6. My Selfie Stick : http://amzn.to/2nI61VF #vlog 3 | New Logo Risinginfo | Google Adsence Link : Benefits of Cashless Economy : https://www.youtube.com/watch?v=IGlaX... 1st Vlog Celebration of Ganesh Chaturthi #RisingInfo https://www.youtube.com/watch?v=CrzcU... Thank you for watching. Share my videos with your friends, to get update please subscribe now, ▷ CONNECT with us!! : Web Site ♥ Subscribe : http://www.youtube.com/c/RisingInfo ♥ Facebook : https://goo.gl/1p38so ♥ Twitter : https://twitter.com/RisingInfoKittu ♥ Instagram : https://www.instagram.com/risinginfo/ ♥ Google + : https://plus.google.com/u/0/+RisingInfo ♥ BUSINESS INQUIRY ♥ [email protected] DISCLAIMER: The information provided on this channel and its videos is for general purposes only and should NOT be considered as professional advice. We always try our best to provide accurate information and sound advice but please note that we are not a licensed professional or a medical practitioner so always make sure you consult a professional in case of need. All products/services reviewed on this channel have been purchased by me unless stated otherwise. We always try to keep our channel and its content updated but we cannot guarantee it. All opinions expressed here are our own and we are not compensated by any brand, advertiser, PR representative or affiliate for the same unless explicitly stated in our videos and/or description box. We never try to push products on anyone but we do make recommendations based on our personal experience. In case you need to use our content for any purpose please write to us -: [email protected]
Views: 113307 RisingInfo
Introduction to concepts of National Income
 
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In the tutorial, we will talk about 1. GDP 2. GNP 3. NNP 4. NNP at Factor Cost 5. Personal Income 6. Disposable Personal Income You can download the PDF version of this video here: http://imojo.in/incomemeasures Also, like us on Facebook: https://www.facebook.com/targetiaspage
Views: 117827 Target IAS
Real GDP Per Capita and the Standard of Living
 
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They say what matters most in life are the things money can’t buy. So far, we’ve been paying attention to a figure that’s intimately linked to the things money can buy. That figure is GDP, both nominal, and real. But before you write off GDP as strictly a measure of wealth, here’s something to think about. Increases in real GDP per capita also correlate to improvements in those things money can’t buy. Health. Happiness. Education. What this means is, as real GDP per capita rises, a country also tends to get related benefits. As the figure increases, people’s longevity tends to march upward along with it. Citizens tend to be better educated. Over time, growth in real GDP per capita also correlates to an increase in income for the country’s poorest citizens. But before you think of GDP per capita as a panacea for measuring human progress, here’s a caveat. GDP per capita, while useful, is not a perfect measure. For example: GDP per capita is roughly the same in Nigeria, Pakistan, and Honduras. As such, you might think the three countries have about the same standard of living. But, a much larger portion of Nigeria's population lives on less than $2/day than the other two countries. This isn’t a question of income, but of income distribution—a matter GDP per capita can’t fully address. In a way, real GDP per capita is like a thermometer reading—it gives a quick look at temperature, but it doesn’t tell us everything. It’s far from the end-all, be-all of measuring our state of well-being. Still, it’s worth understanding how GDP per capita correlates to many of the other things we care about: our health, our happiness, and our education. So join us in this video, as we work to understand how GDP per capita helps us measure a country’s standard of living. As we said: it's not a perfect measure, but it is a useful one. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1WJcJ5w Next video: http://bit.ly/1S1CxuA Help us caption & translate this video! http://amara.org/v/H04s/
Expenditure approach to calculating GDP examples | AP Macroeconomics | Khan Academy
 
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Learn about how purchases of different things would impact GDP. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/expenditure-approach-to-calculating-gdp-examples-ap-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics 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! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 16353 Khan Academy
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: 64994 PrepMate Edutech
What is Gross Domestic Product (GDP)?
 
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This video defines the value-added GDP and details how it is measured. Transcript: http://www.statcan.gc.ca/eng/sc/video/gdp
Views: 45968 Statistics Canada
#1 Gross Domestic Product : Meaning and Methods of Measurement(Nepali)
 
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This video explains the meaning of GDP and the approaches for measuring it.
Views: 1131 Siddha Raj Bhatta
[Hindi] Difference between GDP, NDP, GNP, and NNP
 
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To watch all lessons click here:- https://goo.gl/hSv8yn | Download the Unacademy Learning App from the Google Play Store here:- https://goo.gl/02OhYI | Discuss the course with fellow aspirants here:- https://goo.gl/WJrQpI This course only covers those topics which have a very high cost to benefit ratio i.e. probability of a question appearing in the exam from this particular section is astronomically high. Do watch all these lessons and gain a cutting edge over your competitors. This will help you to score more marks. It's a must go course before go for the prelims examination. For more lessons on UPSC CSE Preparation, please visit:- https://unacademy.in/upsc-preparation/all/
Views: 375730 Unacademy
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
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Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
 
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In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure. Some subtopics covered in this series: - the definition of GDP - the circular flow of expenditure - differentiating net and gross - the expenditure approach to calculating GDP - the income approach to calculating GDP - differentiating between nominal and real GDP - calculating real GDP using the base-year method and the chained-dollar method - evaluating real GDP
Views: 11156 Inspirare
GDP Value Added Approach
 
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Ron Cipcic uses the "value added approach" to partition GDP by year and country.
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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
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What The Heck Is GDP?
 
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GDP, GNP – what does it all mean? Jonathan explains what economists mean when they bring up these common economic indicators. Learn more at HowStuffWorks.com: http://money.howstuffworks.com/gross-national-happiness.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our site: http://www.brainstuffshow.com OK, let’s say you’ve just gotten a job offer to work in the majestic country of Bumpsylvania. Awesome, right? You’ve always wanted to live amongst the scenic Bumpsylvanian swamplands and hear the local ghost toads sing their famous mating screech. But before you pony up the $549.95 for Rosetta Stone: Bumpsylvanian Edition, you want to do a little research on the economic health of this country. So you ask your friend the economics professor: How is the economy of Bumpsylvania doing these days? One number that will almost definitely figure into her reply is the country’s GDP. This stands for Gross Domestic Product. GDP is a common measure that’s used to roughly represent the size of a country’s economy. The way you calculate GDP is both simple as a general principle, and complicated in the details. The simple version is that GDP is the value of all the goods and services produced within a country in a given period of time, such as a financial quarter or a year. So if we look at Bumpsylvania, we can calculate its yearly GDP by adding up the dollar-value of all the stuff it creates: All the pork sandwiches, shoe shines, fashion magazines, bullets, massages, motorcycles, jiu-jitsu classes, ghost toad swamp tours, and, of course, traditional, Bumpsylvanian-style wooden hats. Every item, product or service brought to market by workers or other economic resources located inside the country in that year is part of the GDP. Coming up with this figure is not as easy as it sounds. GDP is actually a highly complex and abstract statistical instrument that takes some real work to calculate. Just one example of the many complications: Let’s say somebody cuts down some swamp trees and turns those trees into lumber, and then sells that lumber to a haberdasher who turns it into a traditional, Bumpsylvanian-style wooden hat. Do you count the sales of both the lumber _and_ the hat? Well, no, because GDP is a measure of the final value of goods and services. So if you counted the sale of the wood to the hat-maker and the sale of the hat, you’d be counting the same value twice. The value of the wood gets wrapped into the final value of that gorgeous, gorgeous headgear. GDP is probably the most important measure of the size and performance of an economy, but it’s not the only one. There’s also GNP, which is related, but slightly different. GNP stands for gross national product. The difference is that GNP is the value of all the products and services produced by a country’s residents, even if production takes place outside of the country. So if a Bumpsylvanian business has a factory making wooden hats in another country, the output of that factory would be included in Bumpsylvania’s GNP, but not its GDP. While GDP is a widely used indicator of economic strength, many critics point out that it’s not necessarily the best indicator of the “real” health of a nation. For example, a country with a large, growing GDP might look strong on paper, but what if that number is masking vast income inequality – a productive economy based on huge amounts of low-wage labor? Of course by comparing GDP with other pieces of data, you can do more with the figure. A simple example would be comparing GDP with population to come up with Per Capita GDP (which means economic value per person). So for example, according to the World Bank, in 2013, China’s GDP was a massive $9.2 trillion. Compare that to Luxembourg’s relatively small GDP of $60 billion. Yet in the same year, China’s GDP Per Capita was only about $6,800, while Luxembourg’s was more than 16 times that, at about $110,000. So while China’s economy is certainly much larger, it looks like each individual citizen, on average, is better off in Luxembourg. Financially speaking, that is. SOURCES: http://www.britannica.com/EBchecked/topic/246663/gross-national-product-GNP http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm http://www.britannica.com/EBchecked/topic/246647/gross-domestic-product-GDP http://money.howstuffworks.com/gross-national-happiness.htm/printable http://www.nytimes.com/2013/10/05/world/asia/index-of-happiness-bhutans-new-leader-prefers-more-concrete-goals.html?_r=0 https://books.google.com/books?id=V5IpAgAAQBAJ&printsec=frontcover&dq=how+to+calculate+gnp&hl=en&sa=X&ei=QlVyVZH1CJKFyQTo-4D4CQ&ved=0CDYQ6AEwAg#v=onepage&q=how%20to%20calculate%20gnp&f=false http://data.worldbank.org/indicator/NY.GDP.MKTP.CD http://data.worldbank.org/indicator/NY.GDP.PCAP.CD http://www.factcheck.org/2008/02/gdp-vs-gnp/
#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 Economics on your tips Macroeconomics ( new edition ) https://www.amazon.in/dp/B07R561YKH/ref=cm_sw_r_cp_apa_i_3wVXCbE2Z9DZE 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
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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: 678775 Jacob Clifford
What Is The Formula To Calculate National Income?
 
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What is net national income? Definition and meaning 3 important methods for measuring incomemacroeconomics calculating income tutebox. National income (gni) definition what is the formula for calculating gross national product (gdp measures of and output wikipedia. Gdp can be calculated through the expenditures, income, or output approach. What is the formula to calculate national income? Youtubequizlet. Measuring national income measuring (gdp) what is formula of income? Quora. Tutor2u economics national income measures the monetary value of flow output goods there are 3 ways calculating gdp all which should sum to same amount measuring level and rate growth (y) is important for three in theory hi, the taken from sectors, including personal, business governmentthe formula through added method, it necessary first calculate gross at market price (gvamp), net 15national formulas that include gdp, ndp, ni, pi, gnp learn with flashcards, games, more free definition nni c i g nx nff a country can be measured by alternative methods (i) product method (ii) (iii) expenditure methodproduct circular. However, difficulties arise in the calculation of value added case handbook. There are 03 approaches for measuring national income gross (gni) is defined as the sum of value added by all over long spans time and used in a nation's economic growth or decline, 30 mar 2015 find out how to calculate country's product (gnp), which method accounting total produced variety measures output economics estimate their gives an alternative way calculating final. National income concept, calculation of national ias score. Methods of calculation national income method (in hindi and identity economics onlineeconport examples calculating gdpnational formula chill cups. Gdp national income (ny) indirect business taxes (ibt) capital consumption gnp gdp net foreign. Measuring national income. Methods for calculation of national income economics discussion. Gross domestic gdp deflator example calculating real with a national income and inequality. Formulae gdp(gross domestic product) at market price value of output calculation national income other concepts associated with there are various terms measuring in this lesson, we will discuss methods (income method) is the total a country's final all new goods and services produced three calculating 17 jun 2010 pvs chandrasekhar pavan cost can be calculated from gdp using following formula li ul ni handbook accounting here, show you two different ways information learn more about boundless open textbook. Learn 23 nov 2010 national income (y) is defined as the total level of output economy.
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National Income and concepts of national income (Part 1)
 
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This video tutorial will explain what is national income and the concepts of national income. Further more you will also know what is gross domestic product, gross national product, net national product, nation income, personal income and disposable income? For more upcoming video tutorials subscribe our YouTube channel to Economics Guider. Thanks
Views: 55412 Economics Guider
What is GDP? | Definition of Gross Domestic Product
 
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Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations. Definition: The OECD defines GDP as "an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs).” An IMF publication states that "GDP measures the monetary value of final goods and services - that is, those that are bought by the final user - produced in a country in a given period of time (say a quarter or a year)." Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living. GDP is considered the "world's most powerful statistical indicator of national development and progress". History: William Petty came up with a basic concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695. The modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare (see below under limitations and criticisms). After the Bretton Woods conference in 1944, GDP became the main tool for measuring a country's economy. At that time gross national product (GNP) was the preferred estimate, which differed from GDP in that it measured production by a country's citizens at home and abroad rather than its 'resident institutional units' (see OECD definition above). The switch from "GNP" to "GDP" in the US was in 1991, trailing behind most other nations. Crucial to the development of GDP was its role in the wartime effort. A crucial role was played here by the US Department of Commerce under Milton Gilbert where ideas from Kuznets were embedded into governmental institutions. The history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the public sector, by financial industries, and by intangible asset creation is more complex. These activities are increasingly important in developed economies, and the international conventions governing their estimation and their inclusion or exclusion in GDP regularly change in an attempt to keep up with industrial advances. In the words of one academic economist "The actual number for GDP is therefore the product of a vast patchwork of statistics and a complicated set of processes carried out on the raw data to fit them to the conceptual framework." Determining gross domestic product (GDP): GDP can be determined in three ways, all of which should, in principle, give the same result. They are the production (or output or value added) approach, the income approach, or the expenditure approach. The most direct of the three is the production approach, which sums the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of the product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things. The income approach works on the principle that the incomes of the productive factors ("producers," colloquially) must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes. ………………………………………………………………………………….. Sources: Text: Text of this video has been taken from Wikipedia; which is available under the Creative Commons Attribution-ShareAlike License …………………………………………………………………………………..
Views: 434 Free Audio Books
What is GNP and GDP Deflator? How Is It Calculated?
 
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मकर संक्रांति के अवसर पर बनाये अपना भविष्य | अभी ज्वाइन करें TyariPLUS https://tyari.page.link/Sankranti_Offer_YT Avail special new year discount on TyariPLUS (http://bit.ly/tyaripluscouponblog). Get FLAT 25% OFF and ✅Access unlimited mock test for all exams, ✅Free counseling session and ✅Monthly current affairs digest now. Click here to become a TyariPLUS subscriber now: http://bit.ly/tyaripluscouponblog What is GNP and GDP Deflator? How Is It Calculated? OnlineTyari GK Class With Nachiket Sir Watch the Previous Video: What is GDP? How it is calculated? https://www.youtube.com/watch?v=TmyDJOIip8w Follow OnlineTyari on- Facebook: http://bit.ly/2CLNUWh Twitter: http://bit.ly/2CMy1yL Instagram: http://bit.ly/2CMCMbz Telegram http://bit.ly/2CIOi85 Subscribe to OnlineTyari YouTube Channel: http://bit.ly/2ydHFHE
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What is GDP,GNP,NNP and NDP ABM CAIIB
 
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Difference between GDP, NDP, GNP, and NNP What is Gross Domestic Product (GDP)? GDP explained | What is GDP? | How is GDP calculated? | Income vs Expenditure Approach What is GDP(Gross Domestic Product) GDP NDP GNP NNP EXPLAINED YouTube National Income- GDP, NDP, GNP, NNP | SSC | UPSC Link to our facebook group is given below: https://www.facebook.com/groups/294833504254894/
Views: 10272 GrowYourself
Calculating Real GDP - Measuring GDP and Economic Growth (2/3) | Principles of Macroeconomics
 
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In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure. Some subtopics covered in this series: - the definition of GDP - the circular flow of expenditure - differentiating net and gross - the expenditure approach to calculating GDP - the income approach to calculating GDP - differentiating between nominal and real GDP - calculating real GDP using the base-year method and the chained-dollar method - evaluating real GDP
Views: 8363 Inspirare
Calculation of GDP income approach
 
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Calculation of GDP using the income approach. For www.inflateyourmind.com, Primciples of Macroeconomics, Unit 3, by John Bouman.
Views: 23572 John Bouman
#52, Expenditure method of national income (Class 12 macroeconomics)
 
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Class 12 macroeconomics.... Measurement of national income.... Expenditure method of calculating national income..... Contact for my book(micro+ macro) 7690041256 Economics on your tips video 52 Our books are now available on Amazon Economics on your tips Macroeconomics ( new edition ) https://www.amazon.in/dp/B07R561YKH/ref=cm_sw_r_cp_apa_i_3wVXCbE2Z9DZE 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: 249723 Economics on your tips
national income at factor cost
 
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above video describes you the whole concept of national income at factor cost. national income at factor cost is also be known as gnp at factor cost . for more detail watch out the above video you can also watch --- circular flow of income two sector model - https://youtu.be/ZnEEfqGsyc8
Views: 3060 Study Extent
MN1015 Lecture 12 Measuring GDP
 
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Gross Domestic Product GDP the market value of the final goods and services produced within a country in a given year this definition has fours parts market value final goods and services produced within a country in a given time period market value GDP is a market value goods and services are valued at their market prices to add apples and oranges, computers and popcorn, we add the market values so we have a total value of output in pounds are all produced goods and services subject to trade in the market? final goods and services GDP is the value of the final goods and services produced a final good (or service) is an item bought by its final user during a specified time period an intermediate good is produced by one firm, bought by another firm, and used as a component of a final good or service excluding intermediate products avoids double counting for example, if an economy produces steel (intermediate) and cars (final), the value of steel is included in the price of a car produced within a country GDP measures production within a country – domestic production GDP pays no attention to nationality or ownership the output of foreign firms in the UK contributes towards UK GDP but the output of UK firms producing abroad does not in a given time period GDP measures production during a specific time period, normally a year or a quarter of a year GDP can be measured as the value of production: value added approach total expenditure on goods and services: expenditure approach total income to factors of production: income approach this can be shown using the circular flow digram the national economy is composed of households firms government the rest of the world in a four-sector economy, injections include government expenditure, exports leakages include taxes, imports to maintain the same level of equilibrium in a four-sector economy the sum of injections should equal the sum of leakages that is, I + G + X = S + T + M the circular flow consists of incomes (blue) and expenditures (red) the sum of the red flows equals the blue flow implicit in this equalising of income and expenditure is what firms do in between total expenditure on final goods and services equals the value of output of final goods and services, which is GDP firms pay out all their receipts from the sale of final goods, so income equals expenditure thus, economic activity (GDP) can be measured using either output, income, or expenditure why is GDP referred to as gross domestic product? gross means before deducting the depreciation of capital, the opposite being net depreciation is the decrease in the value of a firm’s capital that results from ’wear and tear’ and obsolescence gross investment is used to calculate GDP the total amount spent on purchases of new capital and on replacing depreciated capital net investment the increase in the value of the firm’s capital in the official calculation of GDP in the UK, the Office for National Statistics ONS uses two approaches expenditure approach GDP is the sum of aggregate expenditure in the economy that is, Y = C + I + G + (X-M) income approach GDP is sum of the incomes that firms pay households for the factors of production they hire that is, Y = rent + wages + interest + profits note that GDP at factor cost is the sum of compensation of employees gross operating surplus mixed incomes market prices is the GDP at factor cost + indirect taxes - subsidies nominal GDP the value of goods and services produced during a given year valued at the prices that prevailed in that same year nominal GDP is just a more precise name for GDP real GDP the value of final goods and services produced in a given year when valued at the prices of a reference base year using real GDP allows for comparisons of living standards over time by removing the influence of rising prices accounting for price changes (inflation) is important if comparisons are to be made at different points in time Limitations: real versus nominal GDP population size per capita real GDP exchange rates purchasing power parity (PPP)-An exchange rate which would buy the same good in each country some items are excluded level of unpaid work underground economy there are human costs to production quality of life and social costs/benefits (environment, health) spending on necessities or economic bads (e.g. defence) distribution of income
Views: 1110 Hanomics
how to calculate GDP
 
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sectors of economy calculation of gdp methods for calculating gdp CSO reforms things which are not come under gdp
National Income Accounting
 
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National Income Accounting Gross Domestic Product(GDP) Types of GDP GDP measurement GDP Computation in Nepal Problems in GDP computation systematic statements about the economic activity of a nation during a certain period and aim is to describe the structure of an economic system in terms of transactions. What you mean by economic activity in an economy?? Economic activities of an economy includes production, income, consumption, saving, investment, exchange of goods and services, transfer payment etc. So national income can be define as the: technique of measuring a country's total economic activities denoted by gross domestic product.(GDP) or gross national product (GNP) over a specific year. the process whereby countries attempt to keep record of the flows of goods and services produced with in a period of one year. What is National income Accounting? National income accounting is a set of rules and definitions for measuring economic activity in the economy as a whole. For example, national income of Nepal includes all income earned by Nepalese owned resource suppliers earned for their contributions of land labor, capital, and entrepreneurial ability over a period of one year. What is GDP? Why an economy needs to calculate GDP ?? How GDP measured in Nepal??? Well GDP essentially Used to...measures the economic condition of an economy Meier and Baldwin said that " the economic development is the process where by a country's real GDP increases over a long period of time. Thus continuous growth in real GDP shows the economic development of any country. total market value of all newly/currently produced(Not necessarily sold) goods and services with in the geographical boundary  of a country during a fixed period of time, generally one year. GDP at market price: is the money value of all final goods and services produced with in the domestic territory of a country during a year. Generally GDP at market price = PxQ, where P = Market Price, Q = Final goods and services. GDP at factor cost: if depreciation or capital consumption allowance is added to the net domestic product at factor cost(Rent along with imputed rent+ compensation of employees or wages and salaries+Dividend+Reserves funds of the firms or corporate saving + corporate or other direct taxes+ mixed income + property or entrepreneurial income of government + saving of non departmental undertakings) We get GDP at factor cost so GDP at factor cost = NDP at factor cost + depreciation or capital consumption allowances. How GDP is measured in an economy? Which methods is used to measure Nepalese GDP? Is there any issue attached with measuring GDP? Chek out this likn: https://www.youtube.com/watch?v=q49ysdgzFcM
Views: 2693 edushastra
[ HINDI ] What is GNP ? | जीएनपी क्या है | Episode - 2
 
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Please watch: "Kapil, Krushna and Bharti to team up for The Kapil Sharma Show Season 2 | Sony Tv | TKSS Season 2" https://www.youtube.com/watch?v=jRcu5Xd36Cs --~-- Namaskar Dosto, Is Video mai hum baat krenge ki GNP yani Gross National Product kya hai..... Baki iske andar jo 4 prakar hote hai wo bhi samjhae gae hain.. Umeed hai ki apko video pasand aaegi.... SUBSCRIBE , LIKE & SHARE Subscribe - https://www.youtube.com/channel/UCUBPKnrLko8spzHXneG90dA About us - The Videos of this Channel is prepared under the guidance of Rishabh Dixit.. He has completed his BA Economics Hons. & MA Economics From Delhi University.. Currently an INDIAN ECONOMIC SERVICE & INDIAN ADMINISTRATIVE SERVICE Aspirant.. The videos of this channel will provide you immense information about every COMPETITIVE EXAM & The Easiest Method to CRACK them.. We will be working on strict core syllabus.. No Useless and Time Rob Topics will be Entertainment.. AIM of ACCESS 2 SUCCESS is to prepare and guide you for which you really Dreamt of without wasting a Nano second... Join hands with ACCESS 2 SUCCESS and get ready to be a part of your DESIRED job.... ALL THE BEST!!!!!
Views: 1349 Access 2 Success