Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
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Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
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 ...
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