Descriptive Study The Concept of Gross Domestic Product

alsalman, Mohannad . 2016
Publication Work Type: 
Descriptive Study for Saudi Arabian Monetary Agency
Publication Abstract: 

The paper attempts to give a brief history of gross domestic product (GDP) and explain the concept of GDP and other related concepts. Next, it proceeds to explain the significance of this concept and lists approaches of GDP calculation. It also discusses the Kingdom’s GDP in terms of its sources and calculation approaches. Afterwards, it explains the difference between nominal and real GDP. It also discusses the difference between Gross National Product and GDP. This is followed by an explanation of the difference between GDP and net domestic product. Subsequently, it elaborates on the contribution of regulatory sectors to GDP in real and nominal terms. Finally, it reviews some of the production size determinants and some related problems.