Net domestic product equals gross domestic product minus _____

Name: Net domestic product equals gross domestic product minus _____
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

Depreciation represents the decrease in the value of capital that is used in the production process. By subtracting it from GDP, we get the net domestic product, which represents the value of goods and services produced within a country after accounting for the wear and tear of its capital. The other options listed do not affect the calculation of NDP.

Net Domestic Product Equals Gross Domestic Product Minus _____