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Introduction To Gross Domestic Product (GDP) (for UPSC CSE)
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This lesson deals with the concept of Gross Domestic Product, its definition and have been explained in very lucid terms by using real life examples. Perfect lesson, as good as it gets.
Israel Jebasingh
Director of Officers IAS Academy. IAS Officer of 2004 Batch with AIR 59.
U
Unacademy user
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Best lesson on gdp i have ever learned at any where.Thanks a ton sir for giving us your precious time.Lord krishna bless you.
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Sir , Thanks for the lessons . My primary question is recently CSO has released growth figures which showed that India is growing at 7.6% . Will it possible to arrive this figure if it possible how ?
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PS
so grateful sir....most simple and easy to understand... please keep making such awesome courses
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very good video sir.. keep on delivering such beautiful lessons
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Sir ur awesome ... i m loving economics .. Thank you sir ... Please take all topic class sir please sir ...
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  1. Gross Domestic Product(GDP)



  3. PRIMARY SECTOR WHEAT (1000 Bn69-1000x10 [OOOO RICE (Soo BAGs)-500x10= 2500 TD MATO (200 BAGS. 2.00x2 400 POTATo (300 BAGS)-300X2 600 ONION (600 BAGS)^ 600x1 = 600 OTHER Veh (30D BAGs). 300x1 = 300 FISH C100 BAGs). 100x3-300 14700


  4. POTATO CHIPS MANG PICKLES 0 MUD UTENSILS20o 20 0 CLOTHES - 2 0 65o


  5. TERTIARY SECTOR DANCERS TEACHERS l 40 POETS 0 TRANS PORTERs


  6. PRIMARY SECTOR 14700 Cn o0DS SECONDARY SeCTOR 6 0 TERTIARY SECTOR 4 0 o SERviCeS TO TAL GOODS SERVICES1575o


  7. .GDP Gross Domestic Product(GDP)is the value of the all final goods and services produced within the boundary of a country during one year .For India ,this calendar year is from 1st April to 31st March


  8. -Gross' means total, 'domestic' means all the economic activity done inside the boundary of the nation/country -product, is a word to define goods and services' together Within the boundary both by Indians and Foreign citizen


  9. .Among the things that don't count in GDP are activities that are not traded in a market, such as household chores or projects. Illegal activities (drugs, murder-for-hire, etc.), which are considered "black market" trades, also do not count. .The GDP only cares about goods produced in the year it is produced. If it is produced in one year but sold in some later year, it effectively counts in the year that it is made, not the year that it is sold. 4


  10. GDP excludes gifts . Likewise,secondhand sales are excluded Likewise,sec because no production is involved except for the sales service.