00:01
So this question wants us to figure out what contributes more to gdp, which is the gross domestic products.
00:09
So he wants us to know whether the production of an economy car or the production of a luxurious car.
00:28
So he wants us to know which of them contributes more to the gdp.
00:32
Before we can answer this question, we have to know what gdp is.
00:36
Gdp is the gross domestic product.
00:45
And this basically is the market value of the final goods and services that are produced within a domestic territory of a country.
00:52
Like the name specifies, it's domestic.
00:55
So it represents the value, the market value that you can sell in the market of all goods and services that are produced within a domestic territory in a certain time.
01:05
So basically it's a total expenditure on newly produced.
01:09
Credit and services so we can say it's the market value of final goods and services produced within a domestic dairy at a certain time so if you know that it's the final market value of the final goods and services now think about it which of the form will contribute more to the gdp production of an economic car or the production of a luxurious car in my opinion, i think both of them can contribute to the gdp.
02:05
It just depends on the amounts they contribute individually.
02:11
And the amount they contribute depends upon the market, the final market value of the car.
02:15
Because we know that at the end of the day, it's not really about the price of the dog, because definitely a luxurious car is way more expensive than the economy car.
02:24
But it's not really about the price at the end of the day...
