Economy, asked by vinitanipanikar7968, 3 months ago

explain gnp and ndp as measures of living as an indicator of development​

Answers

Answered by foxy17
1

Answer:

Net Domestic Product

The net output of the country’s economy during a year is its NDP. During the year a country’s capital assets are subject to wear and tear due to its use or can become obsolete.

Hence, we deduct a percentage of such investment from the GDP to arrive at NDP.

Explanation:

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