Life was very small for most people.

Production was centralized in assembly plants.

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.

Why don't we control for other factors?

Two trillion a year.

So the total assets were 5 billion in assets.

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

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

So, no surprise, there's lots and lots of waste. What you want to do is improve productivity with which we use energy.

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

Education six, seven, eight percent of the economy and growing.

A global crisis in agriculture.

But anyway, Vikram had entered the market, and now I calculated here aggregate capacity.

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.

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

One of the viewers pointed out not incorrectly that one definition of return on asset so this whole video's going to be on return on asset that one definition of return on asset, and if you look it up on some of the finance sites or even some finance textbooks, they'll tell you it's net income over total assets.

So this box right here is GDP, so it's all the goods and services, essentially all the income, that we produce.

lived in Asia and they made more than half the world's product.

And so that the cost of goods is literally how much did it cost to buy the metal and the paint and provide the electricity to make those 3 million worth of widgets.

I'll do that in yellow.

Then hear this, please.

The bank is going to be able to fulfill its promise.

And we have these 4 billion of CDOs.

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

So the idea that we can smoothly transition to a highly efficient, solar powered, knowledge based economy transformed by science and technology so that nine billion people can live in 2050 a life of abundance and digital downloads is a delusion.

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

It's basically two ratios of per capita GDP, per capita gross domestic product, so average income.

Now, I'll tell you another little, very important story about this picture.

I learnt many things here.

Mass production?

You get more money because your terms of trade have improved, but also that drives up output across the board.

Portugal was 45 percent renewable powered,

We're really excited to be partnering with Duke

And if this is worth 2.5 billion, then your total assets are what?

For every calorie of food that we consume here in Britain today, 10 calories are taken to produce it.

And now comes the so called Renewable energy evolution.

This is just a fourth quarter number.

The other point that's worth noticing is how one dimensional this projection is.

What is the total number of students?

It would produce, at 2,000 gallons per acre per year, it would produce over 2 million gallons of fuel, which is about 20 percent of the biodiesel, or of the diesel that would be required in San Francisco, and that's without doing anything about efficiency.

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

The expansion of the universe at any given moment is determined by the mean density of matter, matter and energy in it.

Alex Hi, I'm Alex. I just wanted to say,

In Europe, France that heavily depends on nuclear power generation,