00:01
All right, so here we're talking about gdp and goods and services not sold in markets and stuff produced at home instead, and how that plays into india versus u .s.
00:11
Comparisons.
00:12
Okay, so one thing we should realize here is india has a much, much higher population, right? and that means what is typical in india is much bigger family size.
00:28
So then in the u .s., we've got smaller families.
00:33
We've got smaller populations.
00:35
So then if you think about also rural versus not rural, india is more rural than the u .s.
00:45
The u .s.
00:45
Is more urban.
00:47
So then just in that itself, we can think about stuff being produced at home, right? so india, because of bigger families and being rural, and so there might not be the urban marketplace that we think of in the u .s.
00:59
Would have a lower gdp than what's actually being produced.
01:03
So it's not representative of what's actually being produced...