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21 Νοε 2017 · Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics... In this video we learn how a nation's GDP can be ...
What is GDP? This video focuses on the Value added approach to calculating GDP.
How to calculate GDP using the value added approach.
In this video, we learn how a nation's GDP can be calculated by summing up the value added by all the intermediate producers in a nation in a method called the value added approach.
Learn how to calculate the Gross Domestic Product using the value-added approach at each stage of production.
The value added approach takes the value that's added at along each step of the way, and we get to the same final answer. So the value added, this is the market value that affirm adds to a product, the value added to a product.
4.2 Value Added Approach. Another approach to estimating the value of final production is to estimate the value added for each stage of production. This will be the amount by which the value of a firm’s output exceeds the value of the goods and services the firm purchases from other firms.
