Professor Dave Explains
Gross Domestic Product (GDP)
How do we measure the health of an economy? The most common way is by looking at its gross domestic product, or GDP. But what does that mean exactly? Are there any limitations to this approach? What kind of goods are counted towards GDP?...
Economics Explained
The Worst Mistakes Economics Explained Made in 2020 | Economics Explained
This is 2020, and as I am sure most of you are aware it will soon be coming to an end. The end of a year, especially one as trying as this is always a good time to reflect and get yourself ready for the next trip around the sun. And what...
Khan Academy
Khan Academy: Value Added Approach to Calculating Gdp
In this video lesson from Khan Academy, students will learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation in a method called the value added approach. This resource is...