It’s the king of economic statistics. Gross domestic product is an important tool to measure the health and strength of a country’s economy, but it doesn’t always give a full picture (and is often grossly misused). So is there a better metric?
Chapters:
00:00 Intro
01:43 What is GDP per capita?
03:58 What does GDP NOT tell us?
08:11 The most glaring issue
10:20 A better metric?
13:31 Hear me out….
*All Sources at End of Video to Read More*
Recommended Viewing:
REACTION: “Europeans Become Poorer As Americans Get Wealthier” by the Wall Street Journal by @TypeAshton
Episode No. 174
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Attribution:
Music by Epidemic Sound:
Thank you to AP Archive and the Library of Congress for access to their archival footage.
Stock footage and others clips by Getty and Envato Elements
Narrated and produced by Dr. Ashton Schottler
#gdp #economy #econ101 #economics #economia #europe #germany #france #unitedstates #unitedkingdom #italy #spain #globaleconomy #wealth #money #gdppercapita
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