Gross Domestic Product (GDP), Gross National Product (GNP), and Net Domestic Product (NDP) are key economic indicators that play pivotal roles in assessing a country’s economic performance. GDP represents the total value of all goods and services produced within a nation’s borders over a specific time period, serving as a comprehensive measure of a country’s economic health.
NDP stands for “Net Domestic Product.” It is a macroeconomic indicator that represents the total market value of all final goods and services produced within a country’s borders during a specific time period, minus the depreciation of capital assets. In other words, NDP provides a measure of a nation’s economic output after accounting for the … Read more
Gross National Product (GNP) is the total market value of all final goods and services produced by a country’s residents in a specific time period, typically a year. It includes the value of goods and services produced domestically as well as the income earned by the country’s residents from abroad, minus the income earned by … Read more
