NDP (Net Domestic Product) is a measure of a country's economic output that subtracts depreciation from GDP (Gross Domestic Product). It reflects the value of all goods and services produced within a country's borders, adjusted for the loss in value of capital goods.
Net Domestic Product (NDP) is the gross domestic product (GDP) less the depreciation of a country's capital goods. It indicates the economic obsolescence and the capital spending required to maintain the GDP.
A comprehensive guide to understanding the Net Domestic Product (NDP), including its definition, formula for calculation, and its importance in economic analysis.
