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Question
Which of the following best represents the concept of Net Domestic Product (NOP)?
Options
GDP + Income from abroad
GNP - Depreciation
GDP - Income from abroad
GDP - Depreciation
MCQ
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Solution
GDP - Depreciation
Explanation:
Net domestic product (NOP) is a yearly indicator of a country's economic production that takes the depreciation effect into account. Depreciation is subtracted from the gross domestic product to determine the NOP (GDP).
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Economic Current Affair (Entrance Exam)
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