Macro: Unit 1.2 -- Gross Domestic Product

Published: 26 May 2017
on channel: You Will Love Economics

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Hey Everyone! I'm Mr. Willis, and You Will Love Economics!

In this video, I will:
Define gross domestic product
Compare and contrast the expenditure and income approaches used to count GDP
Discuss how GDP is used
Identify what is and what is not included when calculating gross domestic product
Practice calculating nominal GDP and the percentage change in GDP

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