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How does NDP differ from GDP?
GDP is the gross total income and NDP is the net domestic product
What is gross domestic product (GDP)?
Gross vs. Net in EconomicsIn Economics, gross means before deductions (brutto), e.g. Gross Domestic Product (GDP) refers to the total market value of all final goods and services produced within a country in a given period of time. Net Domestic Product (NDP) refers to the(GDP) minus depreciation on a country's Capital (economics) goods. (The NDP is thus, in effect, an estimate of how much the country has to spend to maintain the current GDP.)GDP = Consumption + Investment + Government Spending + (Exports - Imports)GNP = GDP + Net Income from Assets AbroadGNP adds back (or subtracts away) from the GDP income made by domestic people in foreign countries minus income bade by foreigners domestically.GDP concern is BORDER, whereas GNP concern is PRODUCER.This link provides indepth understanding on GDP, GNP, Real GDP,Nominal GDP, GDP Deflator ....
What is GDP minus capital depreciation?
Net Domestic Product NDP
How do you calculate GDP mp?
You have to know that Gross includes Depreciation... And market price includes all the taxes... So...for calculation.. You have to add depreciation to domestic income, i.e; NDP at FC + depreciation....you will now get GDP at FC... Factor cost doesn't include Net Indirect TAX...so you have to add that...and you'll get the answer.... NDP at FC + depreciation + NIT = GDP at MP
IF GDP is 6000net investment is 200Goernment Purchaser is 1100Gross investment is 800Consumption is 4000 and Government budget surplus is 30 then find the NDP?
If GDP is $6000,net investment is $200,Government Purchaser is $1100,Gross investment is $800,Consumption is $4000 and Government budget surplus is $30 then find the NDP
