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Question : 2
Total: 5
Distinguish between Gross Domestic Product at Market Price and Net Domestic Product at Market Price.
Solution:
Gross Domestic Product at Market Price refers to the money value of all the final goods and services produced within the domestic territory of the country within an accounting year, inclusive of depreciation.
Whereas, Net Domestic Product at market price refers to the money value of all the final goods and services produced within the domestic territory of the country within one year, exclusive of depreciation.
Whereas, Net Domestic Product at market price refers to the money value of all the final goods and services produced within the domestic territory of the country within one year, exclusive of depreciation.
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