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Net Domestic Product (NDP) = Gross Domestic Product (GDP) minus ______.
  • a)
    NFIA
  • b)
    IT
  • c)
    Depreciation
  • d)
    Transfer payment.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Net Domestic Product (NDP) = Gross Domestic Product (GDP) minus ______...
The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration.
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Net Domestic Product (NDP) = Gross Domestic Product (GDP) minus ______.a)NFIAb)ITc)Depreciationd)Transfer payment.Correct answer is option 'C'. Can you explain this answer?
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