Gross National Product is not the same as Net National Product.

Gross national product is a nation's total output of goods and services as measured in monetary value.

The gross national product of our country is the second largest.

Why don't we control for other factors?

The GDP is then divided into the private and public sector.

In communism, the means of production are owned by the state.

Secondly, under the beef protocol of that agreement,

Two trillion a year.

Our country abounds in products.

Gross national product is a nation's total output of goods and services during a given period of time as measured in monetary value.

If, let's say we're talking about the USA, so that's my best attempt to draw the US,

The more productive the economy, the greater the circle.

There we are.

The GNP has been growing at a snail's pace.

That country's wealth comes from its oil.

Our country produces a lot of sugar.

And of course it will be hugely disruptive in preparation plans.

I like it here.

In proportion as our GNP increases, our living standards go up.

If an American who's an American national goes oversees and produces something over there, that is not counted as GDP, if an American owns a firm in another country and that firm in the other country produces something, that is not GDP.

That's an enormous amount of cars.

This butter is domestic, but it is in no way inferior to foreign butter.

Everything is everywhere these days.

54 of the 65 major oil producing nations have already peaked in production.

I learnt many things here.

Mass production?

But assuming we get to this point, you just include the final good in GDP.

It could have been produced by someone from Mexico. It could have been produced by someone from Canada.

We are internationally competitive in production technology.

look, in a country like Tanzania, 80 percent of the population makes less than two dollars a day.

So at a national level and we work in about 60 different countries at a national level we've got a serious breakdown in the ability of governments to regulate production on their own soil.

The amount of paper produced by a country is closely related to its cultural standards.

But if you look at that same index of health and social problems in relation to GNP per capita, gross national income, there's nothing there, no correlation anymore.

Having said 'domestic wine', anything bottled domestically is deemed to be domestic wine.

like the European Union, Japan and of course, the United States.

And he finished his talk with the phrase, that, The gross national product measures everything except that which makes life worthwhile.

The economic strength of a country lies not alone in its ability to produce, but also in its capacity to consume.

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

2006 was a great year.

But how could this be organized in our society?

But it doesn't matter, we could talk about just U.S. output.

It's worth 1.5 trillion dollars every year, and that's a vast amount of money, right?

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor