Let's explore the topic of GDP, or gross domestic product, and how it can measure a nation's economic wellbeing. We'll learn how to understand and measure GDP, how to compare GDPs to each other, how to adjust GDP from nominal to constant prices using the GDP deflator, and what important factors GDP leaves out when measuring and comparing the economic health of different countries.
Get more homework help from Chegg at [ Ссылка ]
Watch the whole Macroeconomics playlist: [ Ссылка ]
About Chegg:
Chegg is a leading education technology company that provides students with affordable and accessible study resources. Chegg's mission is to help students save time, save money and get smarter.
Subscribe: [ Ссылка ]
TikTok: [ Ссылка ]
Instagram: [ Ссылка ]
Twitter: [ Ссылка ]
00:00 Intro
00:50 What is GDP?
01:26 GDP over time
03:51 GDP across countries
05:33 Critiques of GDP
