Although it is focussed on the U.S economy, this five minute video is a cracker because it covers a number of issues about GDP that students find difficult to grasp, in an engaging way.
As well as the basics on what GDP actually is, the video covers
- the treatment of imports
- new vs used goods and services
- counting only final (and not intermediate) goods and services
- adjusting for level of home ownership.
The video is from slatev.com and comes from the “Planet Money series.
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