GDP, Growth, and the Real Drivers of Prosperity
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YouTubeMacro Economics with Michael.
GDP, Growth, and the Real Drivers of Prosperity
This video breaks down one of the most important numbers in economics: Gross Domestic Product (GDP). It begins by explaining what GDP is, how it is calculated, and why GDP per capita is often used as a rough measure of living standards. Using a simple fictional economy, the video shows how economic growth can look strong on paper while average ...
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