What is the difference between NNP and NDP? – InterviewSolution

InterviewSolution

1.

What is the difference between NNP and NDP?

Answer»

NNP:

1. NNP refers to the market value of output.

2. NNP at factor cost is the total of income payment made to factors of production.

NDP:

1. NDP is the value of net output of the economy during the year

2. The country’s capital equipment wears out of becomes outdated each year during the production process.

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