Question

The difference between Gross Domestic Product (GDP) and

Q: Answer-The difference between Gross Domestic Product (GDP) and Net Domestic Product (NDP) is ___________ .

GDP is the monetary value of all final goods and services produced in the country. The net domestic product NDP equals the gross domestic product GDP minus depreciation on a countrys capital goods.

Net Domestic Product (NDP) is ___________ .

A Net indirect tax

B Net factor income

C Depreciation

D Loses to the firms in current year

E Net income from abroad

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The difference between Gross Domestic Product (GDP) and

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