Real GDP Per Capita and the Standard of Living

Video quality	The size	Download

Information Real GDP Per Capita and the Standard of Living

Title	:	Real GDP Per Capita and the Standard of Living
Lasting	:	5.14
Date of publication	:
Views	:	540 rb

GDP per capita calculation is a fraudbrYou also need add a Gini Ratio on itbrbrImaginebra village with 10000 peoplebr1 person have income 100000000br1000 person have income 10000 (this actually poor people)br9899 person have income 100 (super poor people maybe below a homeless)brper yearbrbrthe GDP per capito on that village still looking not that bad with GDP per capita 1109899 (like an upper middle income country GDP per capita) when actually 90 people on that village is super poor
Comment from : FJ Channel 🇮🇩

This is very well explained, together with the previous one
Comment from : Dark Mattter

Economists’ toolkit needs some expansion Too GDP focused Typically when an economist talks about distribution it’s only fleeting before they say “don’t worry, increasing GDP helps everyone” Meanwhile, the degree in which it improves the lives of the poor has been decreasing Economists are like broken records
Comment from : Dan Hollingsworth

thank you very much
Comment from : Fekadu Tadesse

You are a good teacher, and you gave relevant examples that aided my understanding Thank you
Comment from : Raymond Haruna

Whats the difference between gdp per capita and income per capita (or per capita income)?
Comment from : Zullu Balti

I love your videos, thank youuuuuuuuu
Comment from : Ania Wasilewska

Thank You Sir
Comment from : sub

I'm so happy i found this channel 🥺🔥🤍🤍🤍🤍
Comment from : Asap

Its perfect sirthanks for this
Comment from : Potzy Ko

Amazing instructors Really enjoy the videos
Comment from : M Roudemus

Business and religions ☺️🤔🕵️
Comment from : Saji s nair

A more prescient issue now is Indians bragging about GDP while their are very vast inequalities in wealth, healthcare etc
Comment from : Starry Night

What about soil health vs biodiversity vs standart of xx
Comment from : Libor Supcik

👉🥭🌽🍇🥥🫐🍅🌾🌳🌴🪴🍀☘️🌻🧎🧍🤔
Comment from : Saji s nair

This is so well done and explained You've got my subscription
Comment from : Essane WADIA

great video !brbrIf you were comparing USA to Mexico, what can overstate US GDP to Mexico's GDP in comparison to standard of living?bra Government spending is a lot higher in the statesbrb A lot more non-market activities in Mexicobrc mexico spend a lot more money on leisure itemsbrd all of the above
Comment from : Damien Nezar

Excellent
Comment from : Gayan windana

Excelent video extremely clarifying tumbs up👍
Comment from : Frederico Stuckenbruck

Thank you for sharing this I like it overall as it is filled with many insights But where it is filled with lies, I think you would be the better person to point them out
Comment from : Tony Kawas

Correlation is not causation
Comment from : GM

You should've compared developed countries and developing countries separately
Comment from : Xila - man

greatttttt
Comment from : Sneha Dhar

Slow tf down bitvh
Comment from : cozi

My question would be: I understand the correlation, but how was causation established? Ie Does a higher GDP create happier ppl, OR do happier ppl create a better GDP?
Comment from : Michael Vrijhoef

Love the video, it's very insightful
Comment from : ThembaniN Official Zw

y'all are awesome! I use your videos EVERYDAY in my classes
Comment from : San Juana Granado

We need to have many entrepreneurs that create many jobs and wealth for a nation if we increase GDP of a nation
Comment from : Nyein Chan Maung

The YT algorithm has not treated you properly throughout the years
Comment from : Ato

Wow nice
Comment from : Paul Rai

Thank you so much for your lucid explanation
Comment from : Nandana S Sudheer

Excellent video Clear explanation Solid graphics Good coverage of all sides of the topicbrbrI know I’m years late But leaving a comment for the algorithm regardless Cheers!
Comment from : Victor Mutta

Real problem of GDP is that it's the measure of production of goods and services in a nation not the utilization of the same Example, the infrastructure projects in China Moreover, it doesn't account the informal economy in developing markets
Comment from : A_02_ Prakash Nayak

Good job
Comment from : Gary Curtis

I like this videos They assist in trying to understand how factors of macroeconomics works I appreciate I would like you to talk about how debt accumulation affects economic growth Or refer the videos to me
Comment from : Ali Baba Usman

The speed of the explanation is perfect, the images and graphs used are really helpful, and the words used are simple and clear, which helps a lot for non-native English speakers
Comment from : Dailton Luiz Magnago Junior

You can't put a number on happiness, and the fact the he claims you can proves that he is indeed a souless economist!
Comment from : Timothy Bellette

Thanks for this video may be helpful
Comment from : Peni Mina

Thax
Comment from : adwan hermanto

The higher GDP is the more money government can print without inflation There’s a direct relationship between money supply and GDP The more the better Productivity makes a country rich, not money
Comment from : Pathfinder767

The only thing this video is missing in my opinion is that your access to “spiritual” goods is increased by real GDP too You have access to more of the arts, better education, and more money to spend on yoga classes or ritual paraphernalia, as well as more people with shoes on their feet
Comment from : Hipster Trudy

Very good explanation Thanks a ton
Comment from : jaipal kolvi

Very helpful and informative
Comment from : Curiokeeda

what happens to standard of living if the growth of real gdp per person is 0?
Comment from : Noora

I would like to understand the measure of happiness? And its relationship to gdp per capita
Comment from : Sara Nagudi

Well done!
Comment from : Mustapha Ben

Are there more videos of these? These are awesome
Comment from : Artonox

Great job
Comment from : A DUTT

Wow Excellent lecture
Comment from : Beejay Carcagente

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Comment from : Furad Hawkan

Thank you for this video I needed a good and straightforward explanation of GDP, and your video did a great job explaining it
Comment from : Marvella Bowen

OMG I love the videos so much Alex thank you
Comment from : Gravy

You are simply awesome 🤗
Comment from : FeArLeSS gUt

Pakistan gdp will be effective if (QE)
Comment from : haji ali

well there is one more thing: as you said GDP can reflect how happy we are, if we compare how much more can we afford, and this will show, how much better the economy is And sure, consumerism is what thrives the economy But we are in a different status quo now the more we spend, the more we produce, the more market competition deteriorates our planet more and more This is an "older" video I am looking forward to see more videos and if the environment issue can fit (could be added) into an equation Thank you, awesome videos, well explained! I am working on my thesis for my master studies and GDP is a big part of it
Comment from : GlendaPeru

Really good video sir! thank you!
Comment from : Subodh Bhosale

2 dollars a day minimum every person
Comment from : Elie

Income doesn't mean ability to buy things when inflation goes up as well
Comment from : Braden Alexander Toomey

Bruh Hong Kong is not a country
Comment from : Tony Xie

Everything's going alright with your videos👍👍
Comment from : Gandharv Gedam

Thank you for the video
Comment from : Sirojiddin Olimov

I just love the way prof in MRU explain everything so nicely in Ltd time :)
Comment from : Shweta Dwivedi

happines except venezuela out of average deviation
Comment from : epin hidayat

btw the video is sooolll goooddddd
Comment from : Monbear

why everyone likes economy 🥲
Comment from : Monbear

Honmework speedrun
Comment from : Kezz_

A very good explanation of the topic!!
Comment from : Cleon7177

You make fantastic videos, I'm glued to your channel Can you make videos on Yeild curves, Futures market and derivatives market??? Thank you 🙏
Comment from : KRANTI 101

I really enjoyed this videoVery clear and understandable ,thank you so much
Comment from : Зейнаб Алекперова

damn sir you are amazing man doing great work
Comment from : Oh! Henry

Wow Nobody can do it better than this
Comment from : kelvin mwangi

I really love the way you made
Comment from : Minh Trang

Thanks for your content is very help full for my studies
Comment from : Kathir Velan Y

Hey increase in real GDP per capita is calculating economy as whole (generalisation) but in reality low per capita for poor and high for rich brRich people becoming more rich faster but poor people are become slowly to middle class and some are be poor always
Comment from : Kathir Velan Y

I thought the same thing
Comment from : Mandara Godagama

Fantastic stuff - thanks
Comment from : Cal C

in India the average cost per person lives is $35-55 dollars a day, is because a person can afford almost anything with that, and with much much better services, Uber, Dominos, Stay at a Raddison anything u can possibly think of brWhile I have been staying in a western country where you need alest 200 dollars to barely make ends meet,
Comment from : Shikhar Meh

Best
Comment from : Parsha Afifa Kotha

Extremely helpful and clear videos for economics students
Comment from : Andrea Kanyunyuzi

In this video - which was made in 2015 - you stated that Nigeria had 80 of its population living on less than 2 dollars a day, which was unforunately correct Today, only 5 years later, that number is around 43, which means that it's down almost 50 of what it was! In just 5 years, that's an incredible progress!brbrThansk for the video, awesome!
Comment from : Nik

Thank you
Comment from : An Hao

Excellent!
Comment from : Vaishali Ajmera

it is very useful
Comment from : Ελενη Σαββογια

Thank you for the knowledge
Comment from : Nirmal Hettiarachchi

Also suicide rate is higher where the gdp per capita is high say for example south korea n Japan
Comment from : Mohican

it's so refreshing how slowly he speaks compared to most people doig econ videos it's almost like he doesn't make me want to jump out a window
Comment from : Blanka

very good explanations!! helped me a loooot for my economics class Thank you!
Comment from : Andreea Maria Saia

1:52 people who live in that little blue ball at the right side are the people that tell you money doesn't make you happy
Comment from : Hasan Dalbudak

Great videos Clearly explained!
Comment from : Mas Nur Hidayu

I love this man
Comment from : Thái Roi

Regarding to the graph represented at 3:58 “growth and the very poor” is income for the poorest quartile the nominal income or adjusted real income after inflation
Comment from : Szalas Hut