Multiple Choice
How does net domestic product (NDP) differ from gross domestic product (GDP) ?
A) GDP includes expenditures for gross products that pollute the environment, but NDP does NOT.
B) GDP is gross because it values spending on each good and service in dollar terms, but NDP excludes taxes.
C) GDP includes exports, but NDP omits exports.
D) GDP includes that part of the capital stock used up in the production process, but NDP does NOT.
Correct Answer:
Verified
Correct Answer:
Verified
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