Economics · National Income Accounting

Which of the following correctly describes the Net Domestic Product (NDP)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Gross Domestic Product plus Subsidies
2Gross National Product minus Indirect Taxes
3Gross Domestic Product minus Depreciation✓
4Net National Product plus Net Factor Income from Abroad

Correct answer

Gross Domestic Product minus Depreciation

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