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What is the Difference Between GDP vs. GNP? | Gross Domestic Product | IB Macroeconomics Exam Review
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- Опубликовано: 21 мар 2016
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Your ability to explain these concepts BLOWS my mind. I have an Economics exam (which is NOT my thing) is tomorrow and these reviews are super helpful. Thanks!
Wow Caroline, thank you so much for the kind words! I am so glad you find the videos helpful. Good luck and keep in touch.
Brad
@@BradCartwrightEconomics : I got an A in my exam and class. Many thanks to your channel!!
*"if you can't explain it simply you don't understand it well enough"* finally I got this, you explained it so easily thanks a lot man!
Hey! You're welcome! Thanks for watching and good luck!
Very helpful! Thanks, read five pages on this between 7am-11am this
evening and didn't gather any of that as clearly as I did after watching
this 7-minute video. I really appreciate
Abdukadir
MPA student at University of Nairobi in Kenya
Cool! Glad you found it useful. Enjoy the rest of the series and good luck!
wow well explained.. i heard these terms and had no idea what any of them meant.... thanks alot....
Hey John! You're welcome. Thanks for taking the time to pass on the comment. I appreciate it. Good luck!
A very helpful and simple explanation, thanks
This was great. I read about GNI and GDP and I was confused until I got to this video. Very clear and simply explained. Thank you for explaining this so simply and clearly.
You're very welcome!
Amazing video👏🏽 the way you summed up everything in the first half of the video is amazing👏🏽
Thank you so much!!
2 days before my AP exam..... this was a life saver!!! Thank you so much... I feel like I'll remember these terms my whole life now because you explained it so well!!!
I hope it went well, Purvi! All the best!
Brad
Thanks for sharing that idea/knowledge about GDP vs GNP. It is a great helps to understand the condition of economy in our country.
Glad it was helpful!
Why are we not Funding this man!!!!! I am currently taking his Micro Economic course on Udemy .. I would have never thought in my life time I would understand Economics!! Now I can read just a tad bit better economic news with a better (but still learning) understanding. You have my thanks sir.
Thank you Count Anthony! I really appreciate your comments!
Thank you I've been trying to figure this out close to three hrs😢❤🎉
Nice I like how he explained it really simple
Thank you so much for this clear explanation, loads of love from Zambia, Africa.
You could never be more clearer. Thank you very much, Sir.
Thank you!
Your explanation is Super Clear😊. Love and respect from Dr. Ali Mahdi Naqvi from Lucknow, India.
So nice of you! Good luck!
OMG thank you so so much sir I understood it very well thanks to u 🙏🏻
You're welome!
Thank you. Having my first exam in macroeconomics next week.
Good luck!
this guy is better than any geography teacher I've had
Well explained...Thank you so much..
From NEPAL 🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵
Glad it helped!
Do we use GDP because if we used GNP we would find that actually the Cayman islands, Panama, and Barbados have the highest GNP out of all the countries?
You do know how to explain things in an easier manner . Thanks dude peace n love. I have a test after 2 days. Super helpful!
Hey Umair! Thank you so much for the comment and sending the love. Good luck in your studies and keep watching!
Flag analogy vs house analogy helped me to understand a little bit more.
Cool! Glad you found it useful. Enjoy the rest of the series.
well done......you excellently explained the narrow and very confusing difference between those concepts
Very cool! Thank you!
Omg I'm subscribing! This was so great! you're amazing❤
Hey Jaseena84! Thank you so much! If you are interested, check out my website, www.bradcartwright.com. For US$9.95 a month you can get access to over 400 IB Economics videos and over 1,000 downloadable documents--Slides, Vocabulary Terms, Practice Questions, etc.
Very helpful! Thanks, read five pages on this between 5am-6am this morning and didn't gather any of that as clearly as I did after watching this 7-minute video. Also you voice {>
Hey Nicola, thanks for the compliments! I'm glad you are finding the videos helpful. Be sure to check out the entire series.
Can you explain how GDP is calculated through income and expenditure method? And it would have been clearer if u had mentioned the equation for GDP which is c +i+g+n
GDP includes Real GDP and Nominal GDP. Real GDP is the calculation of keeping prices constant using base year prices while multiplying the quantity while nominal GDP is the final output in terms of actual prices and output that year.
Thank alot.. You have explained it very well.. Nice method of teaching / explaining.. 👌
Thank you. Good luck and thanks for watching!
Check out the entire Fundamentals of Macro Unit right here: ruclips.net/p/PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v
WOW, understood the differences within the first 2 minutes. Thank you very much sir!
That is awesome! Thank you for taking the time to leave a comment. Check out the rest of the videos covering Macroeconomics. They are laid out in easy to follow playlists. Make sure to subscribe to the channel as I will be adding many new videos in the coming weeks. Take care and good luck in your studies!
Thank you sir now it is clear like crystal crystal clear
Yes, I'm so glad! You may find my website useful as well - www.bradcartwright.com
If a Japanese company builds a factory in England, its profits go to Japan's GNP, but do the wages of the workers go to English GNP?
2:34 nailed it! Haha
just awesome .. thnx for explanation really helpful sir stay blessed !
Cool, thanks for the comment. I'm glad you're finding the videos helpful!
Question? Like the Philippines who has OFW ( OVERSEAS FILIPINO WORKERS for example) this country has a large of OFW use as COMMODITY exchange of services to differentcountries, would you consider it as GNP? thank you! I'd appreciate your reply!
Insane stuff
Great work sir !!!! Concepts cleared
Hey! Thank you so much for your kind words. Good luck!
pleasure sir.......sir pls pls more videos on macroeconomics if possible
great explanation and good examples
Perfect explanation. Many thanks
You are welcome! Be sure to check out my website at bradcartwright.com.
Thanks for this sir
Gdp means the money that spent citizens living in the country +the money that foreigns spent +the money sent by citizens living outside of the country where gnp is the gdp +income earned from assets abroad minus income produced foreigns
soo much clearer than my book and teacher combined, thank you!!!
Thank you for the kind words. Good luck!
Thank you sir, nice explaination. easily understandable
Cool! Thanks for taking the time to comment.
Omgggg Thank Youu😭😭😭😭❤️...My Teacher Made This Soo Harddd😖
Sir your explaination really cleared all my doubts. Much thanks for uploading it.
You are welcome! Good luck and thanks for watching!
Had a wonderful experience SIR...... god bless u.
Cool! Thanks for the comment and good luck.
Thank you for the lesson on GNP
Wonderful explaining
Thank you Yifei! I appreciate the kind words! Where are you watching from? I'm always curious!
Brad
Super clear! thank you so much!!
Cool! I'm glad hear you enjoyed it. Good luck!
Great explanation! Thanks alot, this was very helpful and brief.
I wish you were my teacher as well.
Wish you all the best.
I hope this made your day as you made mine!
Much love. xoxo
Alian, thank you so much for the kind words, I really appreciate it. I'm excited to hear that you are finding these videos helpful. Good luck!
Perfect explanation, many thanks and appreciation!
You are welcome!
Thanks! I have a final for Econ tommorow, and this is literally a prompt I can get. Idk how I'm going to write an entire essay on this, but the video helped nonetheless!
Cool, I'm glad. Good luck!
wait wait wait...... my book say's "We calculate net national product (NNP) by taking GNP and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. The process by which capital ages and loses value is called depreciation. We can further subdivide NNP into national income, which includes all income to businesses and individuals, and personal income, which includes only income to people." NOW i'm slightly confused... NNP= GNP-depreciation?.............. help I'm getting confusled
If an US company is selling in India, The US company is contributing to India's GDP, but will it contribute to India's GNP?
Thank you so much. Now I understand.
Great!
thanks! this helps a lot!!
Perfectly explained......
Hey, thanks, Mayuree! I appreciate taking the time to comment! Good luck in your studies and keep watching!
Thank you sir.
Thank you, Saad! Good luck and keep watching!
Brad
I want to shake your hand, sir. Great video!
Ha! Thank you. Good luck and thanks for watching!
Very simply & nicely explained, sir, thank you. :)
Hey, thanks for the comment. Enjoy the rest of the video series!
Thank you
Hey Obumneke! I'm glad you found the video helpful! Good luck in your studies and keep watching!
Its nike a gdp of china or the gdp of other countries ? If nike is the gdp of china how about the samsung company its from koria ?
thank you so much! You're an exam grade saver!
You are so welcome! Check out my website too www.bradcartwright.com/pages/student-subscriptions
Omg thank you so much, i got the idea only after watching your video!
Hey Dmitrij! That's so cool! I'm glad you had a break through. Economics is like that--all of a sudden it just clicks! Keep watching and studying! Good luck and stay in touch.
Ty sir,really appreciate it
God bless
That's good but I got little confused in the GNI👍
Hey! GNI is easy....check out this video: ruclips.net/video/zMoqqoxCvCE/видео.html
Good luck in your studies and stay in touch!
Brad
Thanks you sir
Today my managerial economic exam
I hope it went well, Nawazz! Stay in touch!
Brad
Thanks for the explanation 🙏🏾
No problem!!
thanks, this helps a lot.
You're welcome! Keep watching!
Omg thanksssss🎉
Great explanation, thanks for the video!
You're welcome! Thanks for taking the time to leave a comment and good luck in the rest of your studies!
Hey, thank you for watching! Good luck!
Thank you so much!
You're welcome!
Thank you!!!
thanks your videos rly help
I'm so glad! good luck!
👏👏👏well explained
Amazing, thank you very much, God bless you
Excellent, I'm glad the video was helpful. Good luck!
THANK YOU BRO
Thank you so much
Thank you Syrrin! I hope you are doing well. Where are you watching from? I'm always curious. Good luck and stay in touch!
Brad
Thanks to you for the video!
You're welcome! Good luck!
Great video good explanation super sound -- what kind of sound system are you using microphone whatever?
Hey, thank you! Nothing special, just an i-pad and normal headphones. Good luck!
Stay tuned for new updates and content coming soon from Econ Course Companion! You can now follow Econ Course Companion on Instagram and Twitter too!
good
McDonald's is a great example
Great explanation nice
very well explanation sir
You are Amazing. ❤ ❤ ❤
Thank you, Talha! I hope you find the rest of the series helpful as well. Take care, good luck, and stay in touch!
Brad
@@BradCartwrightEconomics ❤
I want to learn from you about economics, please help
Thanks, Iam! You may find my website useful as well - www.bradcartwright.com
good video, reverb on the voice seems unnecessary haha
Ha! Thanks! If you are interested, check out the entire Fundamentals of Macro Unit right here: ruclips.net/p/PLNI2Up0JUWkG6AmW4E2YNV_hBP0AVuw4v
Thank you !
Thank you for watching! Good luck in your studies!
good explaination
Thanks! Good luck!
Good explanation. Please what is GNI per capita??
Gross National Income is the same as GNP. Good luck!
Brad Cartwright Economics Thanks
Thank you very much
Hey! You're welcome. Thanks for watching and enjoy the rest of the series!
Nice explai
Thanks! Good luck!
Brad
I stopped watching at 2:42 . it was well elaborated already. thank youuuu 💛
Ahhh, that is so cool, Rei!
Thank you for the kind words!
Good luck!
Brad
very helpful
Cool, I'm glad you found it helpful! Enjoy the rest of the series!
Thank you sir
You are welcome! Good luck and thanks for watching!
Best explaination
Hey! Thanks for the compliment! Good luck
Brad Cartwright Economics
Cool, thanks! Enjoy the rest of the series.
thanks so much
Thanks for watching!
I would so much love you as my teacher.
thank u :)
You are so sweet! Thank you. Good luck!
Amazing i like it..
Cool, enjoy the rest of the series!
That was helpful I wish I do good in my exam tomorrow 😍
Good luck!
Good Explanation.
But speaking a little faster so please if you could explain it a little bit slowly.
Thank you! And thank you for the feedback! Good luck!
Stay tuned for new updates and content coming soon from Econ Course Companion! You can now follow Econ Course Companion on Instagram and Twitter too!
Thanks.....
You're welcome!
Keep watching and good luck!
Stay tuned for new updates and content coming soon from Econ Course Companion! You can now follow Econ Course Companion on Instagram and Twitter too!
You're a fucking life saver😢😢🤍🤍🤍
Thank you so much
You're welcome! Good luck