National income is derived from gross domestic product by subtracting
Asked by admin @ in Business viewed by 307 People
To derive net domestic product (ndp) from gross domestic product (gdp), we must subtract ________________ from gdp.
Answered by admin @
To derive net domestic product (NDP) from gross domestic product (GDP), we must subtract depreciation from GDP.
Depreciation is the reduced value of an asset over time, wear and tear on the asset. Cars, machines, equipment are examples of items that depreciate over time.
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6
7
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