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GROSS domestic product - WikiVidi Documentary

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Gross domestic product is a monetary measure of the market value of all final goods and services produced in a period of time. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity is arguably more useful when comparing differences in living standards between different nations.... http://www.wikividi.com ____________________________________ Shortcuts to chapters: 00:00:45 Definition 00:01:29 History 00:03:27 Determining gross domestic product GDP) 00:04:13 Production approach 00:05:15 Income approach 00:07:00 Expenditure approach 00:07:31 Components of GDP by expenditure 00:08:12 GDP vs GNI 00:10:24 International standards 00:11:04 National measurement ____________________________________ Copyright WikiVidi. Licensed under Creative Commons. Wikipedia link: https://en.wikipedia.org/wiki/Gross_domestic_product
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