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Question
Distinguish between:
‘Net National Product’ at market prices and ‘Net Domestic Product’ at market prices.
Distinguish Between
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Solution
| Sr. No. | Feature | NNP at Market Prices | NDP at Market Prices |
| 1. | Area Covered: | Output by nationals anywhere in the world. | Output produced within domestic territory. |
| 2. | Net Factor Income from Abroad: | Included | Excluded |
| 3. | Depreciation: | Excluded (net) | Excluded (net) |
| 4. | Valuation Basis: | Market prices | Market prices |
| 5. | Ownership of Factors: | Based on residency. | Based on location. |
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Chapter 19: National Income Aggregates - TEST YOURSELF QUESTIONS [Page 382]
