Gross Domestic Product is one of the most common measurements for the health of a national economy. This episode of Study Hall explores the definition of GDP, what is included and excluded from this flow variable, and a brief overview of the expenditure approach to calculating GDP.
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Chapters:
0:00 – Introduction
1:18 – Gross Domestic Product (GDP)
3:41 – What Counts in GDP
7:32 – The Expenditure Approach to Measure GDP
10:20 – Conclusion
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