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\nLimitations of GDP- Macro Topic 2.2\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nHey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to...\nHey, thanks for watching. In this episode I explain the limitations of GDP and why it's not the best way to measure standard of living. I talk about GDP per capita, income inequality, the environment, and the shadow economy. Just to clarify, the shadow economy doesn't include voluneer work, household production, or the black market. Those are seperate concepts, but they all show how some transactions are not included in GDP. Thanks again. \n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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5:21
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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population, love, argentina, business, economists, measurement, countries, data, time, economics, family, demand, finance, microeconomics, macroeconomics
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Additional Tags

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part, economist, production, supply, standard, produce, capita, shadow economy, economic, depends, hard, subjective, assume, benefits, remember, limitations, slice, calculating, science, living, people, pies
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Limitations of GDP- Macro Topic 2.2\" href=\"/subscription/new\">\"Limitations\n\n
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