Or, another way to think about it is the cost of production.

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?

Scaling Conventional wisdom says reduce cost by producing many.

There's a variable cost which is, each widget, they might have used some amount of metal and some amount of energy to produce it and some amount of paint if it's a painted widget.

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.

Supposedly, anyway. I believe that one.

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.

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

less than or equal to 2,500.

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

It's not like I didn't have any cost here.

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.

Seems intuitively obvious but what you want to make sure is the amount of money you're collecting over here is bigger than the customer acquisition cost to remember the amount of money you're spending from here to here.

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

I'll do that in yellow.

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

And we get to talk about ratios and proportions, and calories and cost production.

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

And actually, let's just say that also includes employee costs.

And so the cost of purchasing x tiles, they're going to be 3 each, so it's going to be 3x.

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.

Now I had people in Washington last week told me, he said, The Saudis can produce the oil for five dollars a barrel.

A global crisis in agriculture.

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.

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.

The cost incurred at shutdown of the task

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

So let x be equal to the number of tiles purchased.

The cost incurred at startup of the task

Account for cost incurred at shutdown of the task

Life was very small for most people.

This is just a fourth quarter number.

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