Real GDP Per Capita and the Standard of Living

[@derekofbaltimore]

thumbs up because he took the time to point out the negatives

[@sirturnables]

Just one negative though

[@JCloyd-ys1fm]

Derek McGowan Another shortcoming of GDP is that it doesn’t recognize the value of caregiving. If someone is taking care of a child, that isn’t considered valuable and isn’t measured by GDP. That’s problematic.

[@IMdAbdulquadirKhan]

It's his job !!! ,

[@theamazingautist2363]

J. Cloyd Isn’t it inevitably accounted for if we assume that the behaviour of care-givers affects the behaviour of other people? Other people (e.g. the breadwinner of a family) are only choosing to behave as they do economically because somebody else is acting as care-giver. If someone else was not acting as care-giver, they would have to dedicate less time to activities that are measured by GDP so as to take on care-giving duties themselves. The difference between the GDP contributed by a person who is working full time and the GDP contributed by that same person if they took on care-taking duties IS the effect of a care-giver’s work on GDP, no?

[@leftinthevoidpodcast8566]

Poorly.

[@blanka7647]

it's so refreshing how slowly he speaks compared to most people doig econ videos. it's almost like he doesn't make me want to jump out a window.

[@mushahid999]

one cannot explain the concept better than this. You guys are doing a great great job !

[@nik4546]

In this video - which was made in 2015 - you stated that Nigeria had 80% of its population living on less than 2 dollars a day, which was unforunately correct. Today, only 5 years later, that number is around 43%, which means that it's down almost 50% of what it was! In just 5 years, that's an incredible progress! Thansk for the video, awesome!

[@notanoob3920]

yes We can see Progress There Clearly but It is because of Inflation Also Cause we are Talking About 2$/day So we measure Conditions in all perspectives also

[@MirzaAhmed89]

Where are you getting that data? If it is from the Nigerian government, it is obviously biased.

[@jaybee4577]

@@MirzaAhmed89 the Nigerian government doesn’t produce data but NBC does. It a non government organization. Nigeria poverty have decreased but the population have also grown a lot.

[@kevina.2269]

@@notanoob3920 REAL gdp would take inflation into account

[@BobSacamano-yv3ru]

Mate this is a great video and explanation. Thanks!

[@GlendaPeru]

well there is one more thing: as you said GDP can reflect how happy we are, if we compare how much more can we afford, and this will show, how much better the economy is. And sure, consumerism is what thrives the economy. But we are in a different status quo now... the more we spend, the more we produce, the more market competition... deteriorates our planet more and more. This is an "older" video... I am looking forward to see more videos and if the environment issue can fit (could be added) into an equation. Thank you, awesome videos, well explained! I am working on my thesis for my master studies and GDP is a big part of it...

[@dangiscongrataway2365]

Thank you, my macro economics course starts soon and I understand the concepts well thanks to these videos.

[@fredericostuckenbruck2458]

Excelent video extremely clarifying tumbs up👍

[@abdullahhamed5955]

Awesome videos

[@sanjuanagranado2348]

y'all are awesome! I use your videos EVERYDAY in my classes.

[@rajcherian578]

loved the simplicity of your presentation. An average person can understand it. I am a CFP and I had difficulty in explaining as simple as this to my clients, as simple as what you just did , thanks

[@samgoesbam1108]

🤓

[@akhilkhare9125]

I really enjoyed this video, since I understood complicated terms in a short span of time!

[@sufyansuleiman6401]

This is the best explanation one can ask for , very educative ,basic , without complications and on point . Thank you

[@peaceseeker1016]

Thank you Mr. Alex for this enlightening video. Thank you very very very and very much!!

[@ankitkumar-xl4xq]

today i watched your videos and now, I think I have no need to take classes in school. Thanks for making such videos.

[@beboysub]

Thank You Sir

[@Moe-g7o]

Wonderful video highlighting both strengths and limitations of using Real GDP per capita to measure a country's standard of living. Clear explanation of concepts

[@JNH2K3]

What a helpful and straight-forward video! Highly reccomend.

[@surajmax9396]

thank you very much for giving the opportunity

[@dailtonluizmagnagojunior1321]

The speed of the explanation is perfect, the images and graphs used are really helpful, and the words used are simple and clear, which helps a lot for non-native English speakers.

[@memo6032]

I'm so happy these videos exist. My textbook is amazing and designed for self-studying but it really skimmed that part about how GDA = higher standards of living. It stated it but didn't attempt any convincing of it. Maybe more convincing would be available in later lessons, Idk. What I know for sure, however, is that now I can finally pass the lesson I got stuck in with a light and a satisfied heart.

[@ranjavirtaila9825]

These videos are very good for people whose English is 2nd language. I really appreciate slow and very understandable speaking.

[@krishnachaitanya7435]

There ain't any channel in the youtube that can explain the economics as interesting as you do.Thanks for all your quality videos.👍

[@wrjazziel]

I love these videos! very informative and well-produced!

[@moelwin6715]

The way you explained is much better than my professor. Now I have a better understanding of GDP. Thanks a million!!

[@andrecoln1729]

I didn't understand GDP until I watched the last three videos. Thank you a lot!

[@penderchovwe351]

U are the best. Am very much grateful.The concepts here are very much simplified

[@QuickFact-v5j]

Everything's going alright with your videos.👍👍

[@nafijulislamsaral8797]

I can't describe in words that how much these contents helped me, thanks a lot!

[@nandanassudheer1517]

Thank you so much for your lucid explanation.

[@mroudemus410]

Amazing instructors. Really enjoy the videos.

[@raymondharuna2583]

You are a good teacher, and you gave relevant examples that aided my understanding. Thank you.

[@vizx8574]

you are great .the way you explain is very nice . keep doing this and thank you for this knowledge .

[@rajatsharma949]

Your videos are really good. Educational, keep doing the good work and also start making country-specific videos as well.

[@MarginalRevolutionUniversity]

Thank you for your comment! We have some country-specific playlists. India: kzbin.info/aero/PL-uRhZ_p-BM6qwTvoo09a3ZB2WuZNQtr8 China: kzbin.info/aero/PL-uRhZ_p-BM4vSTK6gU6sLqA7lPDbZIe5 and more You can see these on our channel page. -Roman

[@1wun1]

This is very well explained, together with the previous one.

[@Nirsterkur]

Thank you for the knowledge.

[@essanewadia146]

This is so well done and explained. You've got my subscription

[@amilaperera1]

Very good presentation. Really a good one.

[@salfan92]

Awesome video.. the ones preceeding this video laid the foundation to understand this

[@jasonmason6910]

Every African nation needs to show this to their people

[@shanelynch2695]

Your videos are very concise for those not really familiar with the economic system, well done.

[@marvellabowen4229]

Thank you for this video. I needed a good and straightforward explanation of GDP, and your video did a great job explaining it.

[@RichardsWorld]

Some prince in Nigeria still owes me a million dollars plus the one thousands dollars I sent him through Western Union. 10 years later I still didn't get my one million dollars!

[@ceaserparanoid]

You're such an idiot, greedy fool. Besides, aint you homeless?

[@eziorobetthesecond4776]

@Type 2 unset diabeetus LMAO you must be a dumbass .

[@dev2puffpass]

uzoma ihebom your lack of grey matter is astonishing

[@mrpythagoras7079]

I know this is just a joke but my dad legit got over a million dollars stolen from him...by not a prince, but the nigerian government itself...12 years on my side...

[@None-em4bg]

R/woooosh

[@OpenMinded30]

The vids are very rich and nicely put. Plain simple and crystal clear. Many thx...

[@longboarderanonymous5718]

This is really interesting! Thanks 🙏

[@lindascoon4652]

Economists graph everything, even happiness. Where is the love graph

[@abiolusa2972]

Lool

[@bustin9938]

how would you measure it?

[@Gurci28]

3:56

[@op2352]

How are Americans happy? Lol

[@mandaragodagama495]

good health, happiness can be accomplished through money but love isn't.

[@Easynimics]

Thank you ,sir.I love all your videos.please carry on for us.Your university has taken a giant step to spread free education among all the people and you are doing a great job.So thank you once again.

[@vlad013]

I think your videos so far what i have seen are way better than others! So kudos to you! Keep up the good work!

[@Emilyland86]

Omg this is the best explanation. No one can explain better than him. Please do more videos

[@Raja-kk1zi]

Very interesting all of urs stuff and easy to understand

[@tonykawas3332]

Thank you for sharing this. I like it overall as it is filled with many insights. But where it is filled with lies, I think you would be the better person to point them out

[@shubhamkale1324]

really good information and way of presenting it keep up the good work and make more nice videos like this

[@nthperson]

As for economic growth, Joseph Stiglitz has come closest to the answer: impose high taxes on rent-derived income flows and gains on asset sales. At the same time reduce or eliminate the taxation of earned income, real capital goods and on commerce. Stiglitz has reminded us of the analysis provided over a century ago by Henry George. We should have listened to Henry George then, and his insights are in my view as important today.

[@shwetadwivedi3404]

I just love the way prof in MRU explain everything so nicely in Ltd time :)

[@masnurhidayu3369]

Great videos. Clearly explained!

[@krisnaviveka4711]

Thanks for posting this video

[@princebanini]

i love these series of videos. helped me understand gdp more.

[@beedee9584]

Great video. Subscribed !

[@alparslankorkmaz2964]

Nicely explained.

[@PradeepKumar-jh2gn]

Very good information!! Thank you!! Subscribed!!

[@TobiasPelton]

Super helpful. Keep up the good work!

[@Cleon7177]

A very good explanation of the topic!!

[@mainakmajumdar1555]

excellent videos. i am learning a lot. the pictorial part helps to understand things better. please put more pictures of goods to understand more clearly. its wonderful and now i am getting interested in economics.

[@11junkyard]

A succinct explanation of the matter !

[@rebwaromer9323]

Awesome videos and explanations.

[@EngineeringGirlfriend]

you are best sir

[@mehrnazbarangbou7341]

thank you so much for you awesome videos, i'm a student of international law and i'm studying international economics this semester, your channel and your videos really helped me! thank you so much again

[@ehsan83]

excellent quality education. thank you for sharing

[@thembaninofficialzw9321]

Love the video, it's very insightful

[@sadhamhussain2738]

Great videos with simple explanation.

[@faizaiman4292]

Your guys are doing great!keep it up

[@anirudhkoushik1555]

watching this a couple of years late from release but one of the best material for gdp!! I was struggling to find a decent web series about the same and accidentally stumbled upon this and boy was it worth it!! Thanks a lot for making this video series!!

[@zeynalek]

I really enjoyed this video.Very clear and understandable ,thank you so much

[@iloveyouverymuch22]

These videos are awesome thank you very much for the good work guys

[@trailerhero]

Wow i just discovered this channel! Goldmine of information!

[@camilorodriguez5005]

You guys are great, thanks for the videos!!!!

[@MarginalRevolutionUniversity]

Thanks for watching Camilo! -Roman

[@sn4k321]

Awesome! Super good explained

[@junejuly532]

You are better than the text books i read. Keep it up.

[@sam4395]

awesome content ! Thank u so much!

[@olmonk]

Outstanding videos. Good explanation of GDP.

[@haidyhemdan5897]

thanks for these useful videos

[@chhandamachhangte655]

should have seen you earlier. The best channel i've seen so far

[@jackworster6129]

short sweet and to the point very good video

[@minhtrang8437]

I really love the way you made

[@aniawasilewska9810]

I love your videos, thank youuuuuuuuu

[@janice268268]

Very easy to understand. Thank you.

[@geeza6588]

Great video ! 👍

[@jayaseto]

Very informative and well explained....Subscribed

[@allenkkwong]

Very good video!! Thanks!

[@sirojiddinolimov4593]

Thank you for the video

[@ohhenry8255]

damn sir you are amazing man doing great work

[@AdnanKhan-uu9gp]

Excellent work done presentation and style of concept delivery is awesome

[@theanimalix5877]

Great video (series), easy to understand and enjoyable to watch. Keep up the good work.

[@MS-ce8nr]

Excellent presentations!

[@calc1588]

Fantastic stuff - thanks

[@victormutta1115]

Excellent video. Clear explanation. Solid graphics. Good coverage of all sides of the topic. I know I’m years late. But leaving a comment for the algorithm regardless. Cheers!

[@MarginalRevolutionUniversity]

Much appreciated! -Roman

[@VirtualZOO11]

Great videos, thank you!

[@affanahmad4552]

Excellent Videos Sir

[@kathirvelany2642]

Thanks for your content is very help full for my studies

[@DraoxxMusic]

I just started learning macroeconomics out of interest and curiosity, and I'm already in love with your videos. Subscribed!

[@MarginalRevolutionUniversity]

Welcome to the wonderful world of econ! Let us know how it goes! -Roman