GDP|NDP
And Difference|Meaning and Difinition | what is gdp | what is gdp of India |
what is gdp and gnp | what is the difference between gdp and ndp | what is gdp
of india 2013| what is NDP of india 2013 | what is the meaning of gdp | what is
the meaning of NDP | what is the definition of gdp | what is the definition of
NDP details are given below......
GDP-
Gross domestic product (GDP) is the market value of all officially recognized
final goods and services produced within a country in a given period of time OR
year equal to total consumers.
NDP-
Net domestic product accounts for capital that has been consumed over the year
in the form of housing, vehicle, or machinery deterioration.
Differences
2 are given below:
1)
GDP is the market value of all final goods and services produced in a country
in a year. NDP is net domestic product, it measures the above
"birthing" of new goods and services, but accounts for the fact that
while goods are being birthed, a "death rate" is also going on. In
other words, some productive assets are depreciating--known as consumptions of
fixed capital.
NDP
is a better indication of what is really going on in an economy. Think of it
again as a birth rate after considering the death rate of capital (plant,
equipment, machinery, etc).
2)
GDP or Gross Domestic Product, is the total amount of money earned by a certain
country , and only on that country itself, including all the foreign businesses
and foreign investments IN the country.
NDP
or National Domestic Product, is the total amount of money earned by EVERY
citizen of that country, whether he or she is on another country or not.
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