NDP at Market Price •Net domestic product (NDP) is an annual measure of the economic output of a nation that is adjusted to account for depreciation. •GDP – Depreciation = NDP •Market Price= Factor Cost + Indirect Taxes- Subsidies •NDPMP= NDPFC + Net Indirect Taxes •NDPFC = NDPMP – Indirect Taxes + Subsidies Here is the PDF of above lecture👇🏻https://drive.google.com/file/d/1Qid3JP0shiFzmY6fXcrqlWWH1ryBA2Cb/view?usp=drivesdkNational income Ranking of Indian E Concept of National income Explained | GDP | GNP | NDP | NNP | Learn Economics on EcoholicsEcoholics is the largest platform for Economics.To Subscribe for C Domestic Product will be more than the national product in the following situation: NNP (at FC) Explanation:The given options are related to national income accounting, which is used to measure the economic performance of a country. The correct relation among the national income accounting variables is:GDPMP = GNPMP - NFIwhere GDPMP is the gross domestic product at market prices, GNPMP is the gross national product at market prices, and NFI is the net factor income from abroad.Let's NDP FC = GDP MP – Net Indirect tax – Depreciation. 5. Net National Product at Factor Cost or NNP FC: It is the net value of all the final goods and services that are produced by the residents of a nation within a period of one year. It can be shown as. NNP FC = GNP MP – Net Indirect Taxes – Depreciation GDP is the monetary value of all finished goods and services made within a country during a specific period. more. Labor productivity is a term for the output of a country's economy per hour. more. Nominal gross domestic product measures the value of all finished goods and services produced by a country at their current market prices. .
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    • what is ndp and nnp