Part 5 Economics NDP and NNP questions and answers Md kashif hayat

1 What is the full form of NDP? 

Ans = Net domestic products 

2 what is NDP? 

Ans = The net domestic product (NDP) equals the Gross Domestic product (GDP) minus depreciation  on a country's capital goods ( source Wikipedia) 

3 What is the mathematical formula for NDP? 

Ans =NDP= GDP - D 

4 Define depreciation in economics? 

Ans. Due to use or wear and tear when the monetary value of an assets decreases with passing time is known as depreciation. 

5 Define the full form of NNP? 

Ans = Net national product

6 What is NNP? 

Ans = The value of all finished Goods and services produced by a country's citizens in foreign territory and within the territory of own country is known as NNP. 

7 which term is technically treated as national income? 

Ans = NNP 

8 what is the mathematical formula for NNP? 

Ans = GNP - D ( depreciation) 

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