Gross Domestic Product and National Accounts

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Course Goals:

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Understand the relationships between GDP and its uses (Exports, Local Investment and Local Consumption).
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Calculate the GDP in different ways.
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Understand how import affects the GDP.
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Explain the meaning of gross investment and net investment.
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Describe GDP (Gross Domestic Product) vs. NDP (Net Domestic Product).
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Understand the connection between sources and uses and the production possibilities curve.
Course average duration :
5 Hours
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Overview
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Gross Domestic Product reflects the economic value of all activities performed in a country during a single year. Through this course, you will come to understand some ways to calculate GDP for a country, learn the importance and effects of import and export in a country, the uses of the GDP and the connection between sources and uses and the Production Possibilities Curve. This course is presented in a simple and easy to use format, using illustrations, animations and examples suitable for those with little to no prior knowledge or experience with the subject matter.
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