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Calculating Real GDP - Measuring GDP and Economic Growth (2/3) | Principles of Macroeconomics
In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure. Some subtopics covered in this series: - the definition of GDP - the circular flow of expenditure - differentiating net and gross - the expenditure approach to calculating GDP - the income approach to calculating GDP ...
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SPONSOR SPOTLIGHT | GLENWOOD PARK We’re excited to welcome another founding partner of the GDP Classic, 𝘱𝘳𝘰𝘶𝘥𝘭𝘺 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘵𝘰 𝘺𝘰𝘶 𝘣𝘺 𝘋𝘪𝘷𝘢𝘴 𝘉𝘦𝘷𝘦𝘳𝘢𝘨𝘦𝘴 - Glenwood Park (the 𝘎 in GDP), a professional showjumping stables that also specialises in thoroughbred pre-training, barrier training and spelling - supporting both racing and performance horses with the highest level of care and expertise. The driving force behind Glenwood Park is Brook and Ange Dobbin, highly exp
0:42
SPONSOR SPOTLIGHT | GLENWOOD PARK We’re excited to welcome another founding partner of the GDP Classic, 𝘱𝘳𝘰𝘶𝘥𝘭𝘺 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘵𝘰 𝘺𝘰𝘶 𝘣𝘺 𝘋𝘪𝘷𝘢𝘴 𝘉𝘦𝘷𝘦𝘳𝘢𝘨𝘦𝘴 - Glenwood Park (the 𝘎 in GDP), a professional showjumping stables that also specialises in thoroughbred pre-training, barrier training and spelling - supporting both racing and performance horses with the highest level of care and expertise. The driving force behind Glenwood Park is Brook and Ange Dobbin, highly exp
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