GDP, or Gross Domestic Product, measures the total value of all goods and services produced within a country's borders within a specific time period. It's often calculated using the expenditure approach, which includes four main components: consumption, investment, government spending, and net exports. Investment, in the context of GDP, refers to the spending by businesses on capital goods like machinery, equipment, and structures, as well as changes in business inventories. It's a critical component because it reflects the level of economic activity related to expanding and maintaining production capacity. Investment is essential for economic growth because it leads to increased productivity, technological advancement, and job creation. It's understandable if it wasn't explicitly discussed in the video, but it's certainly an integral part of understanding GDP and the overall health of an economy. Did i understand your interpreation of investment the right way?
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 🫣)
Thanks Anna! Means a lot✨ Haha we can surely consider that, we do have a few female spokesperson in our team though, might as well add a cartoon as well. Would mean the world to us if you could subscribe to our channel ❤️
gross domestic product- GDP explained the easiest way possible. Thanks for making the video, very helpful!
#GDP
Explains GDP the easiest way possible. Loved it, thanks 🙏
Glad it helped!
Thank you for the information sir
Gross domestic product #GDP explained the easy way. An informative video
Glad it was helpful!
Gross domestic product explained with ease! Good video
thanks Manju!
I had trouble with GDP, this video helped me understand GDP in seconds. so simple!
Thank you so much! Means a lot ✨
Would mean the world to us if you could subscribe to our channel
Loved how well the concept of GDP is explained
thank you for the excellent explaination
Glad you gained something out of it ✨
Would mean a lot to us if you could subscribe to our channel ❤️
Very informative!!
Glad you think so!
GDP explained the easy way. Nice video ❤️
Thank you
how did u completely forget the investment part of GDP?
or I understood gdp wrong?
GDP, or Gross Domestic Product, measures the total value of all goods and services produced within a country's borders within a specific time period. It's often calculated using the expenditure approach, which includes four main components: consumption, investment, government spending, and net exports.
Investment, in the context of GDP, refers to the spending by businesses on capital goods like machinery, equipment, and structures, as well as changes in business inventories. It's a critical component because it reflects the level of economic activity related to expanding and maintaining production capacity.
Investment is essential for economic growth because it leads to increased productivity, technological advancement, and job creation. It's understandable if it wasn't explicitly discussed in the video, but it's certainly an integral part of understanding GDP and the overall health of an economy.
Did i understand your interpreation of investment the right way?
Need to make the world a better place
Definitely ✨
so what if i sell polar bears can it add to the GDP?
If a good is not sold in the market, there is no way to asses it’s value. Therefore any such good will not be added to the GDP of a country
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 🫣)
Thanks Anna! Means a lot✨
Haha we can surely consider that, we do have a few female spokesperson in our team though, might as well add a cartoon as well.
Would mean the world to us if you could subscribe to our channel ❤️
hehe