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Concept Paper

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Concept Paper 1: During Election year, does this play a big role in increasing the country’s Gross Domestic product?

I. Rationale

In every country, gross domestic product (GDP) serves as an indicator to determine how well does the country performed for a specific period of time. It is an estimation of the value of the total goods and services it has produced. It matters to us when our country’s gross domestic product constantly increases from period to period, but is there really a massive increase in a country’s gross domestic product when it is election year? It is said that during this time, gross deomestic product is expected to increase for factors such as manufacturing, construction, and financial intermediation really performs well due to election related processes. With this comes the question of “what really is the effect of election year on a country’s gross domestic product?”.
(http://www.investopedia.com/terms/g/gdp.asp)
II. Research Problems
What is the role of election year in a country’s gross domestic product?
Does it automatically mean that during election year, gross domestic product is expected to increase?

III. Research Objectives

To find out if the election period contribute dramatically in the country’s gross domestic product..
To know whether the best year that estimates like manufacturing, construction and financial indicators perform best during election year.
To determine whether this sets a standard in a country’s gross domestic product for the following years or not.

I. Literature Review
Economic Growth This related topic will give us an overview of the factors that affect economic growth, primarily concerned on a country’s gross domestic product. We will be able to know how to gather data and compute as to what is the current economic changes in the country. This will further help us in understanding where

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