Youtube Monetization?

Hey guys i have had YouTube monetization for around 2 years now. And it still confuses me if i earn cpm with just youtube monetization? Can anyone clear up this situation for me. Do i earn money with just youtube monetization (no full partnership) for just solely ad clicks or do i also earn money for ad impressions? If im not earning money for impressions do you think my revenue would increase if i partner with a youtube network? Since when your a youtube partner you definitely earn a cpm and cpc. Thanks!
 
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