Income and expenditure views of GDP
4:49
Khan AcademySal Khan
Income and expenditure views of GDP
In this video we explore an alternative method of calculating GDP: the income approach. The intuition behind the income approach is pretty straightforward because every time you spend money, that spending is someone else's income. Learn more about the income approach and its categories: wages, interest, rent, and profit.
Feb 14, 2012
GDP Explained
9.8K views · 114 reactions | If you’re interested in business, economics, or international affairs, understanding GDP is vital. Here's what GDP is, how to calculate it, and why it’s important: https://hbs.me/4z84hccr | Harvard Business School Online | Facebook
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9.8K views · 114 reactions | If you’re interested in business, economics, or international affairs, understanding GDP is vital. Here's what GDP is, how to calculate it, and why it’s important: https://hbs.me/4z84hccr | Harvard Business School Online | Facebook
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