How Does Net Domestic Product (NDP) Differ from Gross Domestic

question 86

Multiple Choice

How does net domestic product (NDP) differ from gross domestic product (GDP) ?  

• A) GDP includes expenditures for gross products that pollute the environment, but NDP does NOT. 
• B) GDP is gross because it values spending on each good and service in dollar terms, but NDP excludes taxes. 
• C) GDP includes exports, but NDP omits exports. 
• D) GDP includes that part of the capital stock used up in the production process, but NDP does NOT.

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Definitions:

Prevailing Inclinations

Dominant tendencies or preferences that are widespread or common in a particular time or place.

Prejudice

An unjustifiable and usually negative attitude toward a group and its members. Prejudice generally involves negative emotions, stereotyped beliefs, and a predisposition to discriminatory action.

Just-World Phenomenon

The tendency for people to believe the world is just and that people therefore get what they deserve and deserve what they get.

Ingroup Bias

The tendency to favor our own group.