Economic Indicator Series, Part 1 - Gross Domestic Product

This course covers the essentials of the most closely watched economic indicator, Gross Domestic Product (GDP). This lecture is the first in a series on key economic indicators. The objective of the course is to provide CPAs and other business professionals, looking to improve their business acumen, with a practical refresher on what this indictor measures and why it is so important. We begin with an overview of national income accounting and how government statistical agencies use it to compile and report estimates to the public. Next, we discuss how GDP can be compared over time and across countries and whether it is a good measure of living standards. Finally, we cover how and when official figures are released to the public and reinforce some of the concepts with an active learning exercise. Note: All videos in the series are self-contained and can be watched in any order.