Which adjustment(s)must be made to convert net domestic product to GDP?
i.add indirect taxes
ii.subtract subsidies
iii)add depreciation
A)i and iii only
B)iii only
C)ii only
D)i, ii and iii
E)i and ii

Question

Which adjustment(s)must be made to convert net domestic product to GDP?
i.add indirect taxes
ii.subtract subsidies
 iii)add depreciation
A)i and iii only
B)iii only
C)ii only
D)i, ii and iii
E)i and ii

Quizplus · Accepted Answer

To convert Net Domestic Product (NDP) to Gross Domestic Product (GDP), you need to add indirect taxes, subtract subsidies, and add depreciation.

Which Adjustment(s)must Be Made to Convert Net Domestic Product to GDP