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Question

GDP minus Depreciation is

A
NDP
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B
NNP
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C
NFIFA
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Solution

The correct option is A NDP
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Net domestic product at market prices, abbreviated as NDP, is gross domestic product (GDP) minus the consumption of fixed capital (CFC). NDP, unlike GDP, also takes into account the decrease in the value of fixed assets (e.g. computers, buildings, transport equipment, machinery, etc.) used in the production process.

Net National Product (NNP) is Gross National Product (GNP) minus depreciation.

Net Factor Income From Abroad (NFIFA) is the difference between the factor income earned from abroad by normal residents of a country (say, India) and the factor income earned by non-residents (foreigners) in the domestic territory of that country (i.e., India).

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