THE EFFECT OF REAL GROSS DOMESTIC PRODUCT TO THE TOTAL GROSS DOMESTIC PRODUCT

Student: John Chikwado Osuji
Supervisor: Dr Mrs N. C Umelo
HOD: Dr Dr. C J Ogbonna
Department of Statistics
Physical Sciences
Federal University of Technology, Owerri, Imo State

Abstract

This research work aims to find the factors that significantly affect Total Gross domestic product of Nigeria using three real Gross Domestic Products. To achieve this goal, a quarterly data is analyzed using the regression with the help of the statistical software for social science (SPSS). The study considered crop, livestock and fishing as the factors that affects total gross domestic product of Nigeria. From result obtained it was found that all the three factors have positive significant effect on total gross domestic product. Among the three factors that were significant, we deduced that the one with the highest impart on total gross domestic product of Nigeria is Fishing. Therefore, our outcome not only confirms some earlier results but found that the government policies on aquatic of the country should be regulated so as to increase the fishing occupation in Nigeria which will In turn increase total gross domestic product and positively reduce inflation in Nigeria.

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