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GDP is defined as the monetary value of all the finished goods and services produced within a country's borders in a specific time period, (Valentine, 1997). It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
1.1 GROSS DOMESTIC PRODUCT - GDP
GDP is the primary indicator used to gauge the health of a country's economy. Every aspect in a countries’ economy add to the GDP, (Heakal, 2002). In its most basic terms, the measure of GDP can be thought of the total of everyone’s income, or the total of what has been spent in that time period...
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