GDP Ep 157 - Search Videos

Macro Foundations Part 2 of 2 · GDP as Diagnostic · Growth · Employment · Measurement

YouTubeMacro Economics with Michael.

Macro Foundations Part 2 of 2 · GDP as Diagnostic · Growth · Employment · Measurement

Part 2 of our 2-part English masterclass on macroeconomic foundations. GDP as the dashboard of the economy. The distinction between expansion, slowdown, and recession. The car-slowing analogy. GDP per capita as the welfare metric. Okun's law connecting output to jobs. The three methods for measuring GDP. And the reality that GDP is an estimate ...

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