Advertisements
Advertisements
Question
What is the difference between NNP and NDP?
Distinguish Between
Advertisements
Solution
| NNP | NDP |
|
NNP refers to the market value of output. |
NDP is the value of the net output of the economy during the year |
|
NNP at factor cost is the total income payment made to factors of production. |
The country’s capital equipment wears out of becomes outdated each year during the production process. |
shaalaa.com
Is there an error in this question or solution?
