The net value of GDP after deducting depreciation from GDP is?

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ANet national product

BNet domestic product

CGross national product

DDisposable income

Answer:

After deducting the depreciation charges of plant and machinery from GDP, we get net value of GDP which is called NDP.

Related Questions:

What is the function of the GDP deflator?

i.It is a measure of inflation which evaluates the entire range of goods and services produced in the economy.

ii.It shows real GDP growth on the basis of current production.

iii.The GDP deflator is in real terms while the CPI is in nominal terms.

iv.None of the above

With reference to the Gross Domestic Product, which of the following statements is/are correct?

1. It is the value of the all-final goods and services produced within the boundary of a nation during one year period.

2. It is calculated by adding national private consumption, gross investment, government spending and trade balance.