GDP Calculation Method

This video goes over everything you need to know about GDP. This video covers how to find the GDP, what is included in the GDP, and what is not part of the GDP.
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[@Calixtina8]

Hello Mr. Sinn, I am a Geography and History teacher from Madrid, Spain, and I would like to express my gratitude and admiration for your excellent work. Your videos are such an important resource for my classes!

[@MrSinn]

I am so glad that I can help! Thank you for the support!

[@vkrgfan]

There are two ways to calculate GDP
1. Expenditure
2. Income
So examples of calculations would be nice.

[@SipaMaso]

Very helpful, thank you Mr🇵🇬.

[@adekoyaremi6989]

a knot is used in the production of a microphone
so what if i only produce knots can the value add to the GDP?

[@abdallaabdullahi5942]

thank you for your support

[@reham_.2156]

Thank you!

[@romeshkirpalani848]

Fantastic❤

[@dadisecondaryschool6408]

Like you video so much. I'm hitting subscribe button to get updates from your channel. Thanks

[@jargalotgonbaatar9317]

Amazing

[@isaaclukwanga8489]

Suppose that the following activities occur in a given year: A copper mining company pays its
workers K400, 000 to mine 150 tonnes of copper. This copper is then sold to a jewellery
manufacturer for K500, 000. The jewellery manufacturer pays its workers K450, 000 to make
copper necklaces, which the manufacturer sells directly to consumers for K1, 500,000.
Calculate GDP using the three ways of calculating GDP

[@TGiona]

Cool video

[@darealpoopster]

Yes

[@Roust7]

GDP should be called Gross National Spending. There is measurement of Any product made in US. US business is banking finance and service industries. Once US dollars no longer major World currency for trade or reserves the whole thing will crash.

[@imadmesli4303]

What if I produce a 100'000'000 pieces of "art" with a "for/while" computer program loop and I decide to sell each one for 1'000'000 $, do I make my country's GDP rise ?

[@adekoyaremi6989]

i do not think so because you want to buy them for resale not producing ,however it can add to GDP when you use it to produce another goods

[@immes682]

@@adekoyaremi6989 why it cannot be considered as a final product by itself ? Maybe someone just appreciate your computer's art and don't wanna resale. what about NFTs ?

[@kellyredds7292]

You usually forget to ask for a like.

[@Mouaz111]

I know understand what is not included in GDP and the calculation method for the GDP

[@Mouaz111]

thanks so much

[@letsdrive.]

Guafo Debt GDP IS O AND MIDDLE OFF CONSTRUCTION