Think Like An Economist

S E25: Gross Domestic Product - Adding Up Everything We Do

Jan 12, 2021

21:01

Highlights

AI Chapters

Episode notes

Can Money Really Bui Us Happiness?

01:41

Digital Economy

01:37

GDP Is Equal to Total Spending

02:04

Introduction

3min

What Is Gross Domestic Product?

2min

What's the Definition of Gdp?

2min

Definition of GDP

2min

How Does GDP Adjust for Inflation?

2min

GDP Is Equal to Total Spending

2min

Digital Economy

2min

The Shadow Economy and Its Effects on the Environment

3min

Can Money Really Bui Us Happiness?

2min

10.

Macroeconomics - The Big Idea of Gross Domestic Product

3min

We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spending and the income earned. And Betsey Stevenson and Justin Wolfers also show you how even the great yardstick that is GDP ignores some vital elements of society.

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.

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