(Macro) Episode 22: Growth

[WombatStyles]

Great videos, clear & easy to understand, very nice, thankyou!!!

[mjmfoodie]

@jochoi94 You may have to go back the episode on Society's PPC for that one -- if growth is the growth of our output, what enables us to produce more output?

[jochoi94]

@mjmfoodie

ooh sorry i just read your answer but thanks anyway :)

i love your videos they are great and really help me alot thank you :)

[mjmfoodie]

If Real GDP = Nominal GDP/GDP Deflator, then the GDP deflator can be found by taking Nominal GDP/Real GDP... just as the CPI changes all the time (showing different inflation from year to year), so you should expect the GDP deflator - just a different measure of inflation - to change from year to year.

[autumnreign86]

But what about the GDP deflator for the real gdp for the old year compared to the new year.. Does the GDP deflator change for both years?

[jochoi94]

great video!

but what are driversof economic growth?

[BurningGundam85]

thanks a lot my teacher can't teach so im learning everything through your videos =)

[audloves]

very clear and precise. thank you:)

[connorpatmore]

@mjmfoodiesucks you're an idiot no one cares about smelly Hitler birthing Austria...

[Giugy828]

Amazing