GDP Basics of Expenditure Approach
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Visit- www.edunirvana.com, to know more about our latest product- Economics Lab! (Fastest and surest way to learn Economics!) This video consists of small snippets of story called no money island. This story is designed to be most innovative, efficient and effective way to learn basic concepts of Macroeconomics In this 7 minutes video learner will learn about concept of GDP. In this story we have explained 100's of concepts like this. In this story the learner would see how king and his ministers have evolved the island's inefficient economy from an arcane barter system to robust and thriving economy by introducing the concepts of money, financial system, central bank and consumer price index. The Story also shows how this island started trading with other nearby islands to harness its competitive advantage, how it evolved its exchange rate and balance of payment, how it started measuring economy's health and how it started differentiating between real and nominal values.
Comments
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not good accent of english
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It's value added approach, stupid!
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clearly explained
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fire ass video
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Easiest explanation ever.....
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Very simple and accurate- right in alignment with my ECN211 text book. Will like.
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this continuation is there
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That's super and clearly explained....tanq
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very nice video , keep it up......
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great video. What if monika later sold the juice to John for 10 dollars? does the gdp of the economy become 20 dollars?
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Good explanation
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nicely explained ......
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very helpful and interesting thank you
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Monika is a hottie ♥♥♥
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This is very informative! Will share with my class..
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MINDBLOWING VID GR8 WORK SIR
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Such a wonderful explanation given Hats off Pls Create more video like this
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but..mi ol teacHers said iNtermediate cost is equals tO...fiNal...cost...??? i guess em rigHt..??
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yaah..!
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So disregarding the cost to produce at the beginning?
6m 45sLenght
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