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How should we measure the success of an economy? What do GDP and GNP tell us anyway? And more importantly what doesn't it tell us about the economy? In this episode, we will look at how we measure the economy in the UK as a whole and in Scotland. We will also take a side look at GERS (Government Expenditure and Revenue Scotland) as well.
0:00 GDP explained introduction
Robert Kennedy's brilliant speech on GDP: https://www.youtube.com/watch?v=3FAmr...
3.8
44 ratings
How should we measure the success of an economy? What do GDP and GNP tell us anyway? And more importantly what doesn't it tell us about the economy? In this episode, we will look at how we measure the economy in the UK as a whole and in Scotland. We will also take a side look at GERS (Government Expenditure and Revenue Scotland) as well.
0:00 GDP explained introduction
Robert Kennedy's brilliant speech on GDP: https://www.youtube.com/watch?v=3FAmr...
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