what is net domestic product
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Explanation:
The net domestic product equals the gross domestic product minus depreciation on a country's capital goods. Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration.
Answer:
Net domestic product at factor cost accruing to government is the sum of property and entrepreneurial income of departmental enterprises of the government and saving of non-departmental enterprises.
Net Domestic Product = Gross Domestic Product – Depreciation
Explanation: