Net domestic product (ndp) equals the output of the economy (gdp) ________ the depreciation of the nation's capital goods. this

Question

aleksklad [387]

3 years ago

7

Net domestic product (ndp) equals the output of the economy (gdp) ________ the depreciation of the nation's capital goods. this

is an indicator of how much a nation must "invest" to continue that current gdp.

Business

1 answer:

dybincka [34] · Answer 1 · 2022-02-08T23:53:24+03:00

<span>Net domestic product (NDP) equals the output of the economy (GDP) minus the depreciation of the nation's capital goods. This is an indicator of how much a nation must "invest" to continue that current GDP.

To solve for the NDP your equation would be:
NDP = GDP - depreciation
When you are finding the NDP of something, you are commonly referring to a house, vehicle or the life span of a machine. </span>