Friday, October 28, 2011

A Fun and Simple Video Explains GDP

Everyone has heard of GDP (Gross Domestic Product). Many of us know that GDP growth is "the" key indicator of a nation's economic health. But how many of us really know how GDP is calculated?

Adam Davidson of NPR's Planet Money produced a short easy-to-understand video linked in this Slate article that explains GDP. It's painless and you'll be done in five minutes (and it's so interesting that it only feels like 4 minutes and 30 seconds).

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