Question

distinguish between NDP and GNP​

Answer 1

Answer:

GDP is usually one of the economy's primary indicators. GDP is defined as the total market value of all officially recognized products and services that are produced within a specific time period.

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.

Answer 2

Explanation:

NDP-Net Domestic Product (NDP is the estimated value on the country's amount of spending in order to maintain its current GDP)

GDP- Gross Domestic Product (GDP is defined as the total market value of all officially recognized products and services that are produced within a specific time period)