Lecture
GDP: Definition
Description
This lecture introduces the concept of Gross Domestic Product (GDP) as a measure of economic growth and prosperity. It covers the history of GDP, its importance in national accounting, and how GDP is calculated. The lecture also discusses economic circuits, national accounts, and the role of different actors in the economy. Examples and case studies are used to illustrate the calculation of GDP and added value, emphasizing the significance of GDP in assessing economic performance.
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