Y1 16) Measures of Economic Growth & Living Standards - GDP, GDP/Capita, GNI, Green GDP

[@hareemq7324]

you are such an amazing teacher you explain everything so perfectly and have helped me improve my grade from an E to an A by just watching your videos, thank you so much!

[@dvg4868]

Seriously? Wow Apart from videos how did you prepare?

[@hareemq7324]

i read the cambridge book by colin bamford and susan grant as well as the revision guide by terry cook, both really helpful!

[@15-o4-2OO5]

What a E?

[@candycandypopop]

@@15-o4-2OO5England a level ranking system, E is towards the bottom end

[@SethLaksadi]

hi there, I know this comment is from like 7 years ago but do you have any tips to get from a E level to a A level? Economics

[@akshatnerella5995]

That signature thumps up at last, though I am frustrated with all the econ concepts, gives me hope and inspiration and I feel like nothing happened!!

[@fatalleopard1514]

Ok now this is epic

[@sajansuganth7086]

based

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Hello fatal leopard

[@heshna4111]

You're a lifesaver. I got an A because of your amazing videos.

[@Subaru477]

Econplusdal this is very informative thank you very much myyy guyyyy

[@kritanandbooneeady6074]

Sir yours courses are amazing and I am impressed

[@thefirstphase2256]

love you so much sir

[@robbiebrown602]

bald

[@ednazaryan6624]

Thank you so much for your great job!! You are a lifesaver!

[@yournexthome1173]

Amazing teacher ever!

[@abdulrazzaq6921]

Great video Sir! Thank you so much!

[@alexskinner5858]

Good video Vikkstar123.

[@selma-5449]

Thank you so much. I have a case study presentation and this video was super helpful.

[@zackomondi6223]

Amazing well explained content

[@abrahamwilliamsdouglas5295]

Can really admire u a lot

[@Aidan-yk1tf]

This guy carrying me through school

[@lightningzeus1]

Could you do a presentation on Living Standards and how Economic growth can impact it?

[@EconplusDal]

This video is covered in my development economics playlist :)

[@lightningzeus1]

Thank you.

[@boitranao4600]

Thank you so much for the clear lesson

[@sokotee255]

Thanksssss!!!

[@lettia5836]

You've a good teacher

[@sofiabronco6700]

thank you!

[@bizarreaspect4768]

Thank uu bro

[@UmarDoesEconomics]

LEARN THESE EQUATIONS FOR P3

[@farcool6037]

Sir are you in any way related to Vikkstar123 cause you look a lot like him

[@amanjha656]

Productive Knowledge..:-)

[@lucyahern7529]

What graphs would you suggest to support this information?

[@AmandaaaaaaAa000]

thank you so much

[@realFriedrichHayek]

Surely there is a limit to how much GDP can increase to?

[@786Muhaimin]

mat drav yes, you can refer to the Keynesian LRAS curve where increasing AD only leads to inflationary pressure. Tell me if I'm wrong

[@realFriedrichHayek]

I was thinking about the classical model. If LRAS is straight then wouldnt it just keep shifting right to the point where GDP is theortically infinite

[@ishanbajaj9208]

If LRAS is straight then any shift of AD will cause an increase in the general price level on the economy and not an increase in real GDP, the straight LRAS curve is vertical, and the AD is downward sloping, if AD shifts to the right, then the real output of the economy wont increase, only the price level will. Also if LRAS shifts, it will only shift due to demand or supply side policies targeted at causing that shift, the size of the shift will depend on the available resources in the economy, there simply won't be enough resources to cause an infinite GDP. Its like a point outside the PPF curve, it's impossible as there aren't enough resources. However, if growth increases i.e. AD shifting to the right, then more resources will be available as it would lead to things such as increased capital investment which will increase efficiency and productivity and therefore increase output. This will then make it possible to shift the LRAS curve to the right further but this depends on increasing AD which has risks of demand pull inflation and depends on the initial position of the economy.Hope that helped :)

[@realFriedrichHayek]

John D you're a ledge John!!!

[@ditidhutia4618]

can you please post the link to the video which shows the 3 methods of calculating gdp?

[@mohamadkhouli9607]

Adam Tantawi, if you see this. I love you.

[@vixgaming9984]

Can we get the lore??

[@bristoll1]

Good Teacher!

[@TheRealD3Y]

Hi Dal, I'm getting very confused. What's the difference between GNI & GNP. As in my spec it only says GNP. But I'm getting confused at the differences and what they both mean separately. Hope you can help and thanks again for your excellent videos.

[@EconplusDal]

The are the same essentially so don't worry about the specific abbreviation used

[@blacksnow8070]

11:50 Green GDP

[@muhammadasad4476]

Beautiful 😍 👌

[@sheldonblackwood2117]

nice explanation

[@rhutoswuro6822]

Economic growth or growth performance are the same questions?

[@_SliK_]

Do you have to know the cons of each measurement? I've got the 2015 CGP book and they don't say anything about remembering the cons as they just give you the formulas.

[@Lilitha_Cebisa]

you the boss

[@randomrecess007]

Thanks teacher

[@holyycoww3569]

Is this the chapter of national income statistics? Or is it another chapter

[@shivani-x8y]

Same chapter

[@YYY24111]

dear sir I think this should be classied into year 2 macro content

[@noora3529]

what happens to the standard living of if the growth rate of real GDP is 0?

[@Sunshine-vl7vb]

Can I know which video is the one that measures GDP using the expenditure, income and output method? I couldn't find it

[@imaanansar3393]

it's the circular flow of income video (the second one in this playlist)

[@lxra4451]

What's the difference between GNP and GNI pls

[@alex.curious]

Very useful lesson

[@ShantelMattley]

2024

[@pumpkinpie0001]

hey sir can u make a video on evaluation for GDP , GDP per capita and MEW

[@fitfirst4468]

This man so handsome

[@kzhen2074]

is gni the same as gnp??

[@ManlikeAndu]

GNI is =GDP+(money flowing in from other countries - money flowing out to other countries), whereas GNP is basically gdp but only for that specific country’s citizens and businesses i.e if it is France it won’t take Americans who live in France activity into account

[@Akhihasnath]

where were you when i gave my O levels broooooo I could've gotten a better result than a 6

[@user-wt7oi5os4t]

i do ocr so will watching this playlist help or confuse me?

[@mirshabir4145]

Sir Which is the best measure to measure economic growth of a country 1. GDP 2. GNP 3. PERCAPITA INCOME 4. NATIONAL INCOME

[@calteckk]

gnp

[@obelix2545]

Per capita income

[@SethLaksadi]

is this AQA A level

[@shivani-x8y]

Somehwat, mostly it's AS and A level CiE

[@dilz2012]

This is convenient, doing this in class as well

[@ahmetcanakkoyun979]

King

[@saanvi7898]

whar about ppp, gnh

[@Alex-wj6so]

1,000th like boiiiss!

[@elizabethakidi8811]

Is this aqa a level 😭

[@shivani-x8y]

No no as and a level!

[@nickmurphy5285]

Wizard