Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
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- čas přidán 20. 11. 2017
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In this video we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation.
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AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
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Great! Thank you for the calculation example, this is very understandable.
00:35 Final price
01:02 Added-value approach
Thank you so much for this helpful video! I really appreciate it :)
You have a kind voice, tenks ✌
This is great
Thank you it was really helpful
Love your voice and way of teaching 💕
You have every subject in playlist like chemistry , humanities, biology, economics etc., only geography is left..
The Gross value added should be the gross value of output - intermediates. So it should be 50 - labor cost and land cost right? i am confused, r u wrong or my lecture wrong?
GVA = gross value of output - intermediate goods
& Net value added= GVA- Depreciation
There is some misconception in this video, if we calculate GDP then we include the expenditure on investments, and not the expenditure on intermediate goods. So as per the video land should be included while calculating GDP because it is investment good that remain with the firm and whereas labour cost is intermediate good that is consumed in the process
It's like marginal so I'd call it marginal value added method then total of all values right
🎉
❤❤❤👍👍
If labor is 5 and land is 4, how did you get 10 for that first amount?
labour and land are just input factors. 10 $ is the market price at which the cotton is sold. So per unit of cotton he would make a profit of: 10 - 9 = 1
@@MrSORROW111 So this case GDP should be one at first stage?
@@yaoliu718 GDP doesnt take in the factors of production
am I the first comment lol
just gonna fail my test on accident and like people think it was done on purpose
why don't you plagiarize from someone else the same way you have plagiarized your comment