High Commission for Planning, Morocco
Uploaded by: Shakthi Krishnan
Accessed On: 01 September, 2015
Gross Domestic Product (GDP) is the aggregate wealth is created during the year, in other words, it measures the contribution of production activity in the national economy. GDP is the sum of value added generated by various economic agents and the duties and taxes on imports. Thus, the change in volume of GDP measures the level of growth of the national economy. The variation of the implicit price index of GDP (ratio of GDP in current and real GDP) shows the variation in the general level of prices (domestic final demand and trade in goods and services with the outside).