Sep 21, 2023 • 48m • 83 views. In this course, Ramesh Runwal will provide in-depth knowledge of Economics & Planning. The course will be helpful for aspirants preparing for MPSC Exams as per the new updated syllabus.

Both economic indicators, i.e., GDP and NNP, calculate the money value of the goods and services produced by a country. In case of GDP, the value is calculated only for domestic productions. On the other hand, NNP also includes the value of goods and services produced by overseas citizens of the country.

Expert Answer. Gross Domestic Product or GDP is the market value of all the final goods and services that are produced within the domestic boundaries of a country in a specific time period (a month, a quarter, a year or so on). It depicts the economic wellbeing of …. View the full answer. Previous question Next question.

asked Sep 25, 2019 in Economics by Deepak01 (59.1k points) When will be NDP MP be less than NDP FC? national income and its related aggregates. class-12. Loaded 0%. The NDP can provide an estimated value on the country’s amount of spending in order to maintain its current GDP. Basically, the NDP helps the country to prevent it from having a falling GDP. Through an estimated NDP value, the country can be guided on how to replace its capital stock which is lost through depreciation.
In economics, depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question. If the capital stock is in one period , gross (total) investment spending on newly produced
The NDP refers to the Net Domestic Product which measures the economic output of a country's citizens regardless of their location. Based on the provided options, NDP is C. GDP deflated for increases in the price level. Let's look at a practical example of calculating NNP to give you an understanding of the concept. oHAYbB.
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    • what is ndp and nnp