WAEC - Economics (2010 - No. 29)
Which of the following equation is appropriate for determining the Net Domestic Product (NDP)?
NDP = GNP - depreciation
NDP = GDP + Net Income from abroad
NDP = GDP - depreciation
NDP = GDP * Net Income from abroad
Explicació
Net domestic product (NDP) is an annual measure of the economic output of a nation that is adjusted to account for depreciation and is calculated by subtracting depreciation from the gross domestic product (GDP).