Chapter 23: Measuring the Income of a Nation

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  • čas přidán 21. 07. 2024
  • Defining gross domestic product 2:15
    The components of GDP - National Income Identity 12:13
    Real vs nominal GDP 22:04
    Calculation of nominal and real GDP 25:20
    The GDP deflator 33:41
    Calculating the inflation rate with the GDP deflator 36:55
    The Rule of 72 45:13
    What does GDP ignore? 47:53

Komentáře • 54

  • @MrMit-tb2qf
    @MrMit-tb2qf Před 3 měsíci +10

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  • @ryamsic
    @ryamsic Před 3 lety +57

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  • @nijat6704
    @nijat6704 Před 3 lety +26

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  • @Wearenick
    @Wearenick Před 10 měsíci +4

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    Sir, that's a lot of ice-cream.

  • @mohamedtawfikcpa
    @mohamedtawfikcpa Před 5 měsíci +4

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    @brittanyshurack7929 Před 2 lety +12

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  • @soso-ku9fx
    @soso-ku9fx Před 2 lety +11

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    • @fudgeidi3795
      @fudgeidi3795 Před rokem

      I’m actually watching this for fun I am 14 😅 I am socially conservative but my dad told me republicans are wrong and deceitful on their taxes so I wanted to understand why any tips appreciated 😅

  • @eslamhamed8741
    @eslamhamed8741 Před 2 lety +8

    Prof , I would like to thank you for such amazing lectures which made it alot easier for us , you are the best

  • @bbeeyangli
    @bbeeyangli Před 6 měsíci +2

    Just finished the first lesson in Macroeconomics, and it was a fantastic course! It's the best one I've encountered so far( including video courses and books). I look forward to more of your economics courses (such as Monetary Economics, as I'm considering the possibility of designing economic systems for web3 or web4).
    A spontaneous thought: What will be the ultimate form of human economics? Could it be that the highest level of economics is the absence of economics itself? This might be because everyone seems to have superpowers and can be self-sufficient. The Bible seems to mention this kind of economic state for the future. Or, if a super AI could be realized, some say there would no longer be a need for economics.

  • @flaviot5226
    @flaviot5226 Před 4 měsíci +1

    Thank you Dr. Azevedo I have enjoyed all your videos, first of all thanks we have internet , and God bless you for your teaching videos, it's a blessing having a person like you giving us your knowledge so that others can learn without going to any university; God bless you abundantly, in all areas of your life and yours. God rewards you.

    • @DrAzevedoEcon
      @DrAzevedoEcon  Před 4 měsíci

      I'm happy to hear that the videos have helped you. I have to admit that I didn't realize so many people would find them useful. Thanks for watching!

  • @meriamouni8624
    @meriamouni8624 Před 6 měsíci +1

    I highly appreciate your effort and the way you explain the material in a clear and easy way, especially for me as a non-native language.,

  • @garylmontefalcon9617
    @garylmontefalcon9617 Před 10 měsíci +1

    This is what I am looking for. Very good afternoon explanation. Thank you. You will save me with my report.

  • @aoTrangd-ll9qk
    @aoTrangd-ll9qk Před 6 měsíci +1

    tks u so much, teacher! i comprehend this topic more comprehensively from ur lecture,, tks againn

  • @real2053
    @real2053 Před 4 měsíci +1

    Thanks a lot professor. I really needed this for my upcoming exam.

  • @jesingbhaibhuriya6681
    @jesingbhaibhuriya6681 Před 2 lety +4

    A great learning video on CZcams . I understood the full concept sir . Thank you sir 💖❤️😊

  • @user-vx2nm8hc1g
    @user-vx2nm8hc1g Před 5 měsíci +1

    Thank you very much for this amazing lecture...😊

  • @popculture_vibe
    @popculture_vibe Před 2 lety +2

    Thank you Prof. Please keep on uploading new videos

  • @leonkituyi3935
    @leonkituyi3935 Před 9 měsíci +1

    Sir I really enjoy your teachings and learning more in macroeconomics

  • @muhammadhamzaaijazi2976
    @muhammadhamzaaijazi2976 Před 2 lety +2

    Wow what a lecture this man has given my teacher can't give this lecture in 3 hour

  • @ssarh8580
    @ssarh8580 Před 3 lety +5

    thank you for the lecture, everything well explained

  • @balnure8730
    @balnure8730 Před 4 měsíci +1

    Thank you so much for your lectures😊

  • @eunicerivera1375
    @eunicerivera1375 Před rokem +3

    Great video! I have a test tomorrow and this helped me a lot.

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    @pinglu1510 Před rokem +2

    I can never give enough thumbs up to him

  • @alexlevy2842
    @alexlevy2842 Před 2 lety +3

    This is amazing

  • @abdelrhmanalhammouri2938

    I would really appreciate if you make a video for chapter 20 of microeconomic. I have my final in a week and I’m struggling in this chapter.

  • @jesingbhaibhuriya6681
    @jesingbhaibhuriya6681 Před 2 lety +4

    Sir when will you upload the chapter 18 video

  • @vijaylakshi754
    @vijaylakshi754 Před rokem +3

    Sir can you explain: "Personal disposable income"

  • @balogunemmanuel4291
    @balogunemmanuel4291 Před rokem +1

    in calculating the percentage change, how much it changed suppose to be the final year minus the initial years not initial years minus the final because it will result to negative sign answer

  • @OlufoworaBusola
    @OlufoworaBusola Před 5 měsíci

    Thanks for your insight

  • @cgar70
    @cgar70 Před 3 lety +2

    Loved your lecture. Tell more taking Macro now.

  • @rajnandankumar4043
    @rajnandankumar4043 Před 2 lety +4

    I want your more lecture.

  • @summerjho2781
    @summerjho2781 Před rokem +1

    Thank you very much!

  • @oluomobo6491
    @oluomobo6491 Před 4 měsíci

    Sir , can you make a video on factors that determine currency exchange rates between countries? Thank you so much for your lectures

  • @sethhhh
    @sethhhh Před 10 měsíci +1

    thank you sir

  • @Wasito2004
    @Wasito2004 Před rokem

    Te pasaste amigo gracias❤❤

  • @vicksingh1568
    @vicksingh1568 Před 25 dny

    The hunger kicks in at 14:49

  • @venkateshvalmiki2251
    @venkateshvalmiki2251 Před 4 měsíci +1

    Sir,Can u take class with indian data?

  • @m-elmashad
    @m-elmashad Před 3 lety +16

    Prof , u an amazing person the only thing u need to do is to wear dark clothes to make it more easy for us to focus on the explication words thanks pro

  • @Newmatters
    @Newmatters Před 2 měsíci

    thank you

  • @aysenazozgurbuz2380
    @aysenazozgurbuz2380 Před rokem

    While recording this lessons, are you wrtinig backward?

    • @DrAzevedoEcon
      @DrAzevedoEcon  Před rokem +1

      No...I'm writing normally, but the image is reversed so that the viewer can read what I wrote.

  • @fudgeidi3795
    @fudgeidi3795 Před rokem +2

    I’m actually watching this for fun I am 14 😅 I am socially conservative but my dad told me republicans are wrong and deceitful on their taxes so I wanted to understand why any tips appreciated 😅

    • @DrAzevedoEcon
      @DrAzevedoEcon  Před rokem +2

      Glad you're enjoying the videos. Turns out that neither party has a monopoly on dishonesty. It's also the case that many politicians have no idea how taxes actually affect a market. This is true for both republicans and democrats.

    • @fudgeidi3795
      @fudgeidi3795 Před rokem +1

      @@DrAzevedoEcon thanks for the response I will look into it

    • @DrAzevedoEcon
      @DrAzevedoEcon  Před rokem +2

      @@fudgeidi3795 I should have added that this video might be of interest to you.
      czcams.com/video/uBMW4YOOa08/video.html

  • @amirmadad9632
    @amirmadad9632 Před rokem

    Thank you for your great teaching 🙏