What is GDP? | CNBC Explains

[@chandima94]

One of the best videos I've watched on KZbin that explains a complex topic in a very simple but informative manner. Great job CNBC!

[@pandapanda7032]

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[@DarkSkay]

Basics very well explained! Two elements I would like to mention: GDP does not take the quality of goods and services into account. Neither steady qualitative growth. Somebody buying a computer or booking a flight for $2000 in the 80s contributed much more to GDP than doing the same today for say $500, despite the flight being safer today, the computer much faster and capable today. GDP is a raw number associated with times of scarcity and the 'quantitative growth mantra'. Abundance in rich societies changes its relevance - GDP can be totally misleading when discussing what people really want. This should not come as a surprise, since in most important aspects of life the middle class lives better today, than even a king 500 years ago.

[@derick3482]

i wish you tube came in 1998 when i wan in high school

[@NickiKhonsari]

You're welcome, I'm glad that you enjoyed it.

[@noel7777noel]

GDP is "G," "D," "P," (G ÷ P) × D = weath or GDP=weath. GDP is a math formula. The "G" is the labor excomponent in the math formula GDP. (G ÷ P) × D That G is gross labor. Total hours worked. That D is us. The total population. That P is capital. The total labor of the total population is building the total capital. GDP A currency exchange between the "P" or capital is another topic of the math formula of inflation.

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[@bobbyjunk2433]

contemporary + Informative + Quality content = CNBC explains

[@walkerpaulp6526]

Yup I subscribed it what about you guys

[@gregsmith9258]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[@andersonwhiteman751]

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[@Josephtimothyq5]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@1AmSwapnil]

Feels good to revise my basics of Economics again, feels refreshing!

[@dhiraj6727]

Thanks for making it so easy to understand what is GDP. In just a 4 minute video, you explained what is GDP in such a nice way. Please keep making such educational videos related to economy, i want to learn more about it.

[@joebarrientos4708]

Awesome video...

[@stevenzin5834]

In Bhutan, they measure national happiness as the most important figure for the kingdom. Just amazing.

[@klytouch5285]

Sight...!!!!!!!

[@cheese5728]

And they live till 70, that’s awful

[@FunGuy5]

Without happiness and peace, GDP is just meaningless

[@monkeystudios1]

BuT THE ECONYMY!!! 9

[@rhdelndz]

@@monkeystudios1 What's money if it doesn't make you happy?

[@xiangtingsu]

For a moment at 3:10, I thought this was a Spotify sponsored video.

[@subscribetomyyoutubechanne1543]

After reading your comment I also feeled that way

[@munasuleman4996]

@@subscribetomyyoutubechanne1543 felt*

[@cj.174]

@@munasuleman4996 muna youre not even english.why so serious?

[@pandapanda7032]

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[@anthony_gaytano]

Product placement probably

[@chiragagarwal8734]

Bhutan has GDH - Gross Domestic Happiness!!

[@admindadipancar5494]

and rapidly declining

[@robinle2971]

@@admindadipancar5494 Happiness can't feed your stomach!

[@admindadipancar5494]

@@robinle2971 U need money to Sustain your life style but U don't need money to sustain your life

[@cl759]

@@admindadipancar5494 want to bet

[@krishnamohanmishra]

Lidija Cullen lets bet i will give you 10 happiness if i lose.😅

[@deu8894]

Do a video on difference between GDP (PPP) and GDP (nominal)

[@ausgaporetan8512]

De U GDP nominal is the gross domestic product produced by the citizens only of a nation, regardless of whether the citizens of that nation is located abroad or not. While PPP is price purchasing power, indicating the ability to purchase a good or service in your nation traded with your nation’s currency. hope it helps !! :)

[@umar7182]

@@ausgaporetan8512 very wrong... PPP is parity of value of product consumed within a year with respect to inflation of that country. For example the cost of hair cut in USA would be 9 $ while in India it would be 1.5$. So when calculating Nominal GDP 9$ will be added to USA economy and 1.5$ will be added into Indian economy. Nominal largely depend od exchange rate of dollar. While in PPP the value of product is calculated in local currency.

[@umar7182]

@@ausgaporetan8512 In short Nominal largely depend upon stock exchange, value of dollar to local currency ration. If country has weaker currency the nominal will be low

[@purnimaghosh5927]

Check out the video on your required query under studyiq channel

[@moneymaker2024]

Umar The most important measurement is GDP PPP Per capita

[@thespurslad]

Finally I understood Simple language

[@saradarv1161]

Love this video, so informative and the graphics really helped. Thank you!!!

[@kentmillamena1518]

this video is so helpful. Helped me a lot for my economics presentation

[@AliKhan-fs3rm]

‘CNBC explains’.. I like it. Elizabeth I like even better

[@preetdodeja1296]

The best ever explanation about GDP till now (for me)🤘cheers

[@mohammadarifsiddiqui671]

TRULY MADAM ELIZABETH DEFINED IT EXCELLENTLY VERY SIMPLY WITH EXAMPLES VERY EASSY TO GET IT (COMPLEMENTS)

[@jaisuriahansrajani9186]

It is a great video, explained in such a way that anybody can easily get this concept and will remember for long time!

[@KatsuBae]

Thanks for posting. The SDG focuses its first 5 approaches on people, but the reality shows otherwise, like the GDP measurement. It is an eye-opener to watch videos like this from CNBC!

[@Item7GO]

thank you ,you people are the best

[@ijustlikethat]

How about sharing info on comparative GDP between countries? Something like countries with least % of consumption on its GDP or countries with least % of govt spending on its GDP. It helps if these could be explained it's relevance.

[@spudytv14]

they you have helped, much love from Africa Zimbabwe

[@rishirajpushkar1663]

From india, mam the way you explained was just like a butter on bread.

[@mrlad4685]

I think U.S. also counts invaded Countries. 😂

[@unparalleledworld5162]

Lol

[@darksoar3633]

K

[@jon-unicorn-doxxer]

Always find a guy who will always diss the US...but at the same time watch Hollywood movies... hypocrite...

[@jon-unicorn-doxxer]

@Shahzad Ali- still hypocrisy, he hates them but he watches their content... clearly he watches Hollywood film and hates USA...because I Doxx when someone pisses me off on the internet...so careful...

[@jon-unicorn-doxxer]

@Shahzad Ali - Oh, Your a Pakistani, did the USA loot oil in your country?

[@naanu.kannadiga]

Everything was economics until that wink 😂😂 3:50

[@yviruss1]

Haha!

[@zunds8593]

@@yviruss1 Lol

[@MYC_ODD_APP]

Signal

[@phew..]

Bad3 harami hi beta

[@TermsofService911]

69 likes

[@welshpete12]

A very clear and easy to understand explanation, thank you for posting.

[@CNBCi]

Glad it was helpful!

[@rafaelgarza6562]

Great insight, Elizabeth!

[@HeavyLikesSandwich]

The chalk on board sound was a nice touch

[@vikasagarwal9205]

So how is gdp ppp calculated?

[@srinivasanvr5236]

Thank you for your brief explanation on GDP Elizabeth Schuzule . Absolutely you have explained both pros and cons with 4 mins

[@florenceledgister7327]

Very well done, thank you🤗

[@MarioRafaelM]

I can’t hear what Elizabeth is saying with the camera is on her. Her face is just mesmerizing. I really like how CNBC is always explaining stuff about the stock market and the economy.

[@lornelz]

Yeah she is cute!

[@MINHWJSN]

This video is my first video to day thanks to her appearance.😂

[@viksal2989]

Hello

[@arhanya8552]

do u keep a burkh over ur face?

[@devenshah3242]

A really informative video. 1)Please make a video explaining Inflation and how it can be controlled. 2) Also make a video on how a currency falls or rises and what factors account for this rise and fall. Case in point- Indian Rupee.

[@rramanamahesh]

Nobel prize for economics in 2019 can you explain their contribution towards poverty elevation. You can start a new segment on nobel prize topics.

[@charlottegomez5279]

NON OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.

[@sharifshouvo]

You have taught me GDP better than my University Lecturer can do... Thanks... 😊😊

[@derick3482]

for real kids today are so stupid if we had this much opportunity and available resources we would have tripped our country's GDP

[@dineshthakur1934]

Excellent information 👍👍👍

[@funny_2017]

I want CNBC to make a video on Why does every sad story begins with the UK drawing a line?

[@StudiousMD]

Thank You for this succinct explanation. Fundamental Economics delivered in 4 minutes.

[@sureshkm]

Quality info! Thanks CNBC

[@thelovelyvalc]

This was very helpful!

[@ruudhop]

Important to know that Government Spendings are counted in the GDP, BUT Government staff NOT. A country is very healthy with less government staff.

[@lorenzoluizdesouza1215]

If you're talking about the black market then yes GDP is flawed from that and also from household sales such as handicrafts sold without a registered business and sold among friends and family.

[@weozol4065]

In the US, Government salaries are counted in the GDP

[@tusharmittal441]

please do a video on Tata Group, India. About their operations and work.

[@nikolakboard4733]

sounds good

[@breathing9127]

Yes, please do that.

[@lucasethan4626]

India Superpower by 2020

[@cataclysmal5315]

Lol, wait dude.

[@osmanghalid9452]

@@cataclysmal5315 😂

[@brainstormingsharing1309]

Absolutely well done and definitely keep it up!!! 👍👍👍👍👍👍

[@IamOCJ0510]

Nice video about the GDP👍

[@MohitDodke]

PPP vs Nominal GDP.

[@adrianramirezl.4388]

Beautiful explanation. Enjoyed watching. Thanks

[@crystinamarie1]

Great video! Thanks!

[@cynthialocoge393]

Thank you for this explanation !!!

[@papabogardtv9133]

i really love the explanations, thank you cnbc

[@Wadura98]

do you have a video for GNP? this video was great

[@dcrazypersiancat]

I agree. GDP alone cannot depict the true wealth of a country. But still one of the basis to know whether a country’s economy is doing well or not.

[@navdeepsharma4990]

Explained clearly and to the point. Thankyou..

[@TheWittyWatchdog]

Great video 👌

[@unnathipai4505]

Just wondering why can't spotify be used for GDP? just count the number of users to get the consumption, what was the issue she mentioned???

[@namthippvannalathh2273]

Super informative and helpful! Big support

[@christyjohnson750]

Why are only final goods counted in measuring GDP for a particular year?

[@counterpoint9260]

but how do the track of all your urchases and track it? how do they exactly calculate it?

[@angeljoypolancos4451]

Thank you for sharing your thoughts and ideas about GDP. I understand a lot

[@bagybach]

Great report and reporter.

[@superjit6190]

Amazon + Apple = 2 trillion $ ...

[@sdprz7893]

Market value not GDP, the US stock market alone is valued higher than the nations entire GDP. There is little to no correlation anymore between the stock market and the actual economy.

[@charliehale3610]

XD

[@USAFORBETTER]

This is a very interesting video I enjoyed learning about it thoroughly

[@pecelirovucago7149]

Hello, thank you so much for the simple ways you explained about GDP.

[@andrewleventis8341]

Great short videos to the point

[@nijoyjohn4366]

Loved this Video it was information t its best and well made

[@Limella._]

I've never understood GDP before, this just made it super clear. thank you so much

[@ifeanyindukuba]

Thanks NOW I Fully Understand What I Was looking for.

[@nabeelkhan00]

Great explanation

[@ishaqbaig477]

Bravo elizabeth… Superbly explained

[@rajaoctober14]

Short and sweet and you hit the right points

[@nafi]

How is buying house an investment ,is it consumer spending ?

[@billtuckjr2834]

Elizabeth I Love what You said about the first sip of morning Joe! Some things are Priceless and Thats one of them!

[@Nedwin]

Nice one Elizabeth!

[@nilanjanbanerjee5958]

thanks for the effort on CNBC's part for this video for the common man to understand GDP.

[@andreassucipto]

nice, so simple yet beautiful presenter. thanks...

[@Musawirrrr]

Amazing content.

[@TomWinkler-mz9yp]

Are salaries also a part of the GDP? If so to which part of the 4 constitutes of GDP does it belong?

[@chaitanyachaudhary7858]

So if consumers are spending on digital economy like Spotify, doesn’t it count towards the companies’ sales for the GDP?

[@nsrihaya17]

yeah, spotify is listed on the stock exchange and all its figures are accounted for i think they were referring to consumer value that comes from digital services, but that's just the nature of business

[@leonardogarrido]

This kind of videos are more instructive than going to school .

[@sabidmia97]

Right. I wasted a week in School but didn't understand this. But here just 4 minutes is enough. Now Video has become a better and more effective medium for learning in short time. You truly read my mind!

[@averypenner]

Great video!

[@TheBiettimdau]

Thank you for the explaination

[@vighneshs5563]

Fantastic video ! Thanks

[@danielealessi3419]

Amazing explanation !!! thank´s :)

[@PuLL365]

Great video.

[@dmitryzababurin8438]

Great explanation. Well done!

[@mariannypineda3224]

"GDP also doesn't measure economic quality and well being. So even if a country is really rich according to GDP, wealth may be spread unevenly.". Now it's clear to me why some of the richest countries in the world are having a hard time handling this corona virus pandemic. Some may have the highest GDP, but it doesn't mean their health care system is as strong as the others.

[@BhupinderSingh-pv8wy]

3:32 Harvey Spectre Behind!!!

[@luckymasvaya6105]

Suits ?

[@BhupinderSingh-pv8wy]

@@luckymasvaya6105 yeah

[@richardgordon]

Good video!

[@falsafayg]

Great sum up.

[@nilocblue]

Well done!

[@rabiusambo]

*Investing in stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial- advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist*

[@bazilabashir8054]

Maam please also upload vedios of GNP or GNI and GNPper capita quickly

[@Nona-bk3vy]

Wow thank u so much😍🥰 Actually i'm in 10th grade so i wanted to know more about the topic, really helped😁

[@fayd031tv3]

Salute to the way she explained it

[@gooddeedsleadto7499]

C/Population can be used to compare true standard of living? Or Compare standard of living of countries by using their C/GDP?

[@nareshkoyalkar8370]

Thank you CNBC

[@yonisupersaiyanyoni3693]

Facebook earnings overseas are not a part of the us gdp? Most of the us is hitec its not part of gdp if it not a physical product?

[@yviruss1]

Nice vid. Thanks.

[@jonathansnead3715]

If GDP incorporates individual net earnings (which includes taxes going to Federal and State), then doesn't that create overlap or double calculations once you include Government spending, at least when considering infrastructure and salary? I'm new to this topic so bear with me.

[@foreignname9292]

I understand how GDP number comes from but how do these figures C, I, G, NX calculated? G and NX maybe easier to figure put but other figures seem hard to get real number. Does anyone has any clue?

[@maryamazhar2352]

Very nice 👍 you explain it🌹