Recent orders

the only information that is included in the calculations is the officially available information on all factors such as consumption and investment. The official figures only record the reported data on economic production in form of goods and services (Black

Hartzenberg and Standish 2000

which include expenditure (illustrated above)

production and income. The main theme of the computations however is production that enables the estimation of how an economy performs within a year. Based on the below discussed points

GDP is the calculation of collected information on the value of goods and services that the country consumes and sells outside the country. Private consumption is used in the determination of domestic production. The value of money that the government spends is considered as part of public consumption and is included in the computation. The amount of money that is invested in businesses within the year inside the country is also used in the calculation of GDP. Amount of products and services that leave the country in form of exports is balanced against external products and services entering the country in form of imports. Exports add on to the value of GDP while imports reduce the value of GDP (Marien 1991

p24).