What Is GDP? | How Does GDP Measure The Health Of An Economy?

Ever wonder about the optimal way to compare economic wealth of different countries?

Nowadays, we all wonder what does the abbreviation GDP mean as it is too often being thrown around in debates and economic reports. GDP, or Gross Domestic Product, is a measure to help determine how well a country's government can recognize its citizen’s needs and fulfill them using the resources they have at their disposal to the best of their potential. The same is elaborated in the video using real life scenarios and pleasing visual pictorials.

0:00 Unravel Introduction- Knowledge is Power
0:10 GDP Explained in easy language
0:31 GDP explained with example
0:59 What contributes to GDP?
2:55 What can a country’s government do to help the GDP?
3:52 Inclusion of import and export of goods in GDP
4:20 GDP summarised in dummy language

#GDP #GrossDomesticProduct #Economy

[familygera]

gross domestic product- GDP explained the easiest way possible. Thanks for making the video, very helpful!

[sharangera]

Explains GDP the easiest way possible. Loved it, thanks 🙏

[cineplexgalaxy]

Gross domestic product #GDP explained the easy way. An informative video <3

[iamnew]

I had trouble with GDP, this video helped me understand GDP in seconds. so simple!

[manjugera]

Gross domestic product explained with ease! Good video

[mayankmanocha]

Loved how well the concept of GDP is explained

[mahiratraveltourssdn.bhd.]

thank you for the excellent explaination

[eternalartist]

GDP explained the easy way. Nice video ❤️

[anandsuralkar]

how did u completely forget the investment part of GDP?

or I understood gdp wrong?

[adekoyaremi]

so what if i sell polar bears can it add to the GDP?

[annaskgibson]

Amazing. Extremely helpful and easy to understand for getting to grips with the basics! Thank you.
… (maybe a female economist cartoon in there would be nice as well though 🫣)