Economic Awareness - Sectors of Indian Economy
Which of the following best describes Net Domestic Product (NDP)?
Which of the following best describes Net Domestic Product (NDP)?
easy Q2 of 15
Step-by-Step Solution
Step 1: Recall NDP definition
Net Domestic Product is Gross Domestic Product minus depreciation (consumption of fixed capital).Step 2: Evaluate options
Only GDP minus depreciation correctly states that NDP = GDP - depreciation. Other options confuse GNP and net income from abroad.Final Answer:
GDP minus depreciation → Option BQuick Check:
Net Domestic Product = GDP - depreciation ✅
Quick Trick: NDP = GDP - depreciation.
Common Mistakes:
- Confusing NDP with GNP or ignoring depreciation.
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