Explain following term ndp and gdp
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Net domestic product (NDP) is an annual measure of the economic output of a nation that is adjusted to account for depreciation.
It is calculated by subtracting depreciation from the gross domestic product (GDP).
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GDP” stands for “gross domestic product” while “NDP” stands for “net domestic product.” These terms are both measures of the economic health of a particular country. ... GDP is defined as the total market value of all officially recognized products and services that are produced within a specific time period.
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