What is GDP? | CNBC Explains
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- Опубликовано: 28 май 2024
- It’s the king of economic statistics. Gross domestic product is an important tool to measure the health and strength of a country’s economy, but it doesn’t always give a full picture. So how does GDP work? CNBC’s Elizabeth Schulze explains.
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One of the best videos I've watched on RUclips that explains a complex topic in a very simple but informative manner. Great job CNBC!
ruclips.net/video/ZTkUbUFyHtE/видео.html
Basics very well explained! Two elements I would like to mention:
GDP does not take the quality of goods and services into account. Neither steady qualitative growth. Somebody buying a computer or booking a flight for $2000 in the 80s contributed much more to GDP than doing the same today for say $500, despite the flight being safer today, the computer much faster and capable today.
GDP is a raw number associated with times of scarcity and the 'quantitative growth mantra'. Abundance in rich societies changes its relevance - GDP can be totally misleading when discussing what people really want.
This should not come as a surprise, since in most important aspects of life the middle class lives better today, than even a king 500 years ago.
i wish you tube came in 1998 when i wan in high school
You're welcome, I'm glad that you enjoyed it.
GDP is "G," "D," "P,"
(G ÷ P) × D = weath or GDP=weath.
GDP is a math formula. The "G" is the labor excomponent in the math formula GDP. (G ÷ P) × D
That G is gross labor. Total hours worked.
That D is us. The total population.
That P is capital.
The total labor of the total population is building the total capital. GDP
A currency exchange between the "P" or capital is another topic of the math formula of inflation.
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contemporary + Informative + Quality content = CNBC explains
Yup I subscribed it what about you guys
For a moment at 3:10, I thought this was a Spotify sponsored video.
@Somanshu Kumar felt*
@@munasuleman4996 muna youre not even english.why so serious?
ruclips.net/video/ZTkUbUFyHtE/видео.html
Product placement probably
Lmao same
Feels good to revise my basics of Economics again, feels refreshing!
In Bhutan, they measure national happiness as the most important figure for the kingdom. Just amazing.
Sight...!!!!!!!
And they live till 70, that’s awful
Without happiness and peace, GDP is just meaningless
BuT THE ECONYMY!!! 9
@@monkeystudios1 What's money if it doesn't make you happy?
Bhutan has GDH - Gross Domestic Happiness!!
and rapidly declining
@@admindadipancar5494 Happiness can't feed your stomach!
@@robinle2971 U need money to Sustain your life style but U don't need money to sustain your life
@@admindadipancar5494 want to bet
Lidija Cullen lets bet i will give you 10 happiness if i lose.😅
Thanks for making it so easy to understand what is GDP. In just a 4 minute video, you explained what is GDP in such a nice way. Please keep making such educational videos related to economy, i want to learn more about it.
Awesome video...
Finally I understood
Simple language
this video is so helpful. Helped me a lot for my economics presentation
It is a great video, explained in such a way that anybody can easily get this concept and will remember for long time!
Do a video on difference between GDP (PPP) and GDP (nominal)
De U GDP nominal is the gross domestic product produced by the citizens only of a nation, regardless of whether the citizens of that nation is located abroad or not. While PPP is price purchasing power, indicating the ability to purchase a good or service in your nation traded with your nation’s currency. hope it helps !! :)
@@ausgaporetan8512 very wrong... PPP is parity of value of product consumed within a year with respect to inflation of that country. For example the cost of hair cut in USA would be 9 $ while in India it would be 1.5$. So when calculating Nominal GDP 9$ will be added to USA economy and 1.5$ will be added into Indian economy. Nominal largely depend od exchange rate of dollar. While in PPP the value of product is calculated in local currency.
@@ausgaporetan8512 In short Nominal largely depend upon stock exchange, value of dollar to local currency ration. If country has weaker currency the nominal will be low
Check out the video on your required query under studyiq channel
Umar The most important measurement is GDP PPP Per capita
Super informative and helpful! Big support
Love this video, so informative and the graphics really helped. Thank you!!!
This was very helpful!
Thank you for your brief explanation on GDP Elizabeth Schuzule . Absolutely you have explained both pros and cons with 4 mins
Thanks for posting. The SDG focuses its first 5 approaches on people, but the reality shows otherwise, like the GDP measurement. It is an eye-opener to watch videos like this from CNBC!
Great insight, Elizabeth!
Beautiful explanation. Enjoyed watching. Thanks
i really love the explanations, thank you cnbc
Everything was economics until that wink 😂😂 3:50
Haha!
@@yviruss1 Lol
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Bad3 harami hi beta
69 likes
thank you ,you people are the best
Great explanation. Well done!
Great video!
‘CNBC explains’.. I like it. Elizabeth I like even better
great explanation
Fantastic video ! Thanks
Great video! Thanks!
Short and sweet and you hit the right points
The best ever explanation about GDP till now (for me)🤘cheers
TRULY MADAM ELIZABETH DEFINED IT EXCELLENTLY VERY SIMPLY WITH EXAMPLES VERY EASSY TO GET IT (COMPLEMENTS)
I really needed this video. Thanks
Thank you for the explaination
Thank you for this explanation !!!
Absolutely well done and definitely keep it up!!! 👍👍👍👍👍👍
Amazing explanation !!! thank´s :)
Great video 👌
Loved this Video it was information t its best and well made
thanks for the effort on CNBC's part for this video for the common man to understand GDP.
A very clear and easy to understand explanation, thank you for posting.
Glad it was helpful!
Great video.
Very well done, thank you🤗
Great short videos to the point
they you have helped, much love from Africa Zimbabwe
Thanks, good information
Thank You for this succinct explanation.
Fundamental Economics delivered in 4 minutes.
Great explanation
Excellent information 👍👍👍
Amazing content.
Good video!
Hello, thank you so much for the simple ways you explained about GDP.
Wow..thanks for the explanation in simple words..
Great report and reporter.
This is a very interesting video I enjoyed learning about it thoroughly
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I think U.S. also counts invaded Countries. 😂
Lol
K
Always find a guy who will always diss the US...but at the same time watch Hollywood movies... hypocrite...
@Shahzad Ali- still hypocrisy, he hates them but he watches their content... clearly he watches Hollywood film and hates USA...because I Doxx when someone pisses me off on the internet...so careful...
@Shahzad Ali - Oh, Your a Pakistani, did the USA loot oil in your country?
Nice vid. Thanks.
A really informative video.
1)Please make a video explaining Inflation and how it can be controlled.
2) Also make a video on how a currency falls or rises and what factors account for this rise and fall. Case in point- Indian Rupee.
Thank you for sharing your thoughts and ideas about GDP. I understand a lot
Quality info! Thanks CNBC
Nice one Elizabeth!
Awesome practical learning
Now I understood. Thank you CNBC
Great sum up.
Explained clearly and to the point. Thankyou..
Well done!
Really helpful
Spotted the spotify ad?, Nicely explained thanks !
How about sharing info on comparative GDP between countries? Something like countries with least % of consumption on its GDP or countries with least % of govt spending on its GDP. It helps if these could be explained it's relevance.
I've never understood GDP before, this just made it super clear. thank you so much
Thank you so much.
nice, so simple yet beautiful presenter. thanks...
Bravo elizabeth… Superbly explained
THANK YOU VERY KINDLY
Nicely explained..
The chalk on board sound was a nice touch
Thanks Elizabeth
Very nice 👍 you explain it🌹
From india, mam the way you explained was just like a butter on bread.
Thank you CNBC
Really useful insights on GDP
Thanks NOW I Fully Understand What I Was looking for.
Nice video about the GDP👍
That's a wonderful video
Important to know that Government Spendings are counted in the GDP, BUT Government staff NOT.
A country is very healthy with less government staff.
If you're talking about the black market then yes GDP is flawed from that and also from household sales such as handicrafts sold without a registered business and sold among friends and family.
In the US, Government salaries are counted in the GDP
Thanks a lot
I finally understand gdp !!! Excelent video
Excellent
Thanks Lizy
very nice video
Salute to the way she explained it
do you have a video for GNP? this video was great
Very educational. It helps the general public to improve our Financial literacy.
Good video
Nobel prize for economics in 2019 can you explain their contribution towards poverty elevation. You can start a new segment on nobel prize topics.
Thank you..
I can’t hear what Elizabeth is saying with the camera is on her. Her face is just mesmerizing. I really like how CNBC is always explaining stuff about the stock market and the economy.
Yeah she is cute!
This video is my first video to day thanks to her appearance.😂
Hello
do u keep a burkh over ur face?
Elizabeth I Love what You said about the first sip of morning Joe! Some things are Priceless and Thats one of them!
That was a good presentation.
Thank you.
Very necessary to know.