What are we actually measuring with GDP? Like anything, GDP isn’t perfect, but economists have lots of ideas on how to tweak it depending on what we’re interested in looking at. In this episode of Study Hall: Macroeconomics, we discuss the use and accuracy of Real GDP Per Capita as a measure of an economy’s health.
__________________________________________________________________________
Want to get a head start on college and start earning credit now?
Now you can take top-tier college courses with Study Hall! Study Hall videos are available to watch at no cost, and first-year courses are $25 to sign-up and begin coursework. Once you’re satisfied with your grade, receive credit for only $400. https://link.gostudyhall.com/macro
Follow us on social media!
Twitter: https://twitter.com/gostudyhall
Instagram: https://Instagram.com/GoStudyHall
Facebook: https://www.facebook.com/GoStudyHall
__________________________________________________________________________
Chapters:
0:00 – Introduction
1:13 – Real GDP Per Capita
3:52 – Shortcomings of Real GDP
10:27 – Conclusion
Watch Now
