If there are no statistical discrepancies,NDP (net domestic product)is:

Question

Quizplus · Accepted Answer

NDP (net domestic product) is calculated by subtracting the depreciation of capital goods from the GDP (gross domestic product). However, this calculation includes income earned by foreign factors, which is not part of the net domestic product. Therefore, to arrive at the correct figure for NDP, we need to subtract net foreign factor income from NI (national income), which is arrived at by subtracting indirect taxes and depreciation from GDP. So, NDP = NI - net foreign factor income.

If There Are No Statistical Discrepancies,NDP (Net Domestic Product)is