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Question
The difference between gross domestic product and net domestic product equals _____.
The difference between gross domestic product and net domestic product equals _____.
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Solution
The correct option is B depreciation cost
The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods.
Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration.
The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods.
Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration.
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