WHAT should be deducted from GDP to get NDP
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If we want to calculate Net Domestic Product from the GDP, then we just have to minus depreciation from the Gross Private Investment. NDP= Consumption + Net Private Investment + Government Expenditure + Net Exports.
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Explanation:
If we want to calculate Net Domestic Product from the GDP, then we just have to minus depreciation from the Gross Private Investment. NDP = Consumption + Net Private Investment + Government Expenditure + Net Exports.
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