Week 6: GDP
Video: GDP vs. GNP
http://www.youtube.com/watch?v=mZ-4eKreH3I
Rating: 4 stars (out of 5)
This video begins by explaining the difference between GDP (Gross Domestic Product) and GNP (Gross National Product). The narrator clearly states that these two terms are not interchangeable. In class we mainly focused on GDP and what elements of the economy impacts a nation’s GDP. This video does not go into the definitions of GDP very deeply. In order to fully understand GDP, I would advise researching what it is before watching this video. However, this video would be good for someone who fully understands what gross national product is. The narrator spoke very slowly and was very easy to understand. This is why I gave the video 4 stars.
Video: GDP vs. GNP
http://www.youtube.com/watch?v=mZ-4eKreH3I
Rating: 4 stars (out of 5)
This video begins by explaining the difference between GDP (Gross Domestic Product) and GNP (Gross National Product). The narrator clearly states that these two terms are not interchangeable. In class we mainly focused on GDP and what elements of the economy impacts a nation’s GDP. This video does not go into the definitions of GDP very deeply. In order to fully understand GDP, I would advise researching what it is before watching this video. However, this video would be good for someone who fully understands what gross national product is. The narrator spoke very slowly and was very easy to understand. This is why I gave the video 4 stars.
