how-does-net-domestic-product-ndp-differ-from-gross-domestic-product-gdp-in-term

Question

How does Net Domestic Product (NDP) differ from Gross Domestic Product (GDP) in terms of economic measurement?

Accepted Answer

NDP accounts for depreciation, while GDP does not.

Answer

NDP measures only goods, while GDP measures goods and services.

Answer

NDP includes foreign production, while GDP does not.

Answer

NDP is always higher than GDP.