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

question 147

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; NDP does not.
• B)GDP is gross because it values spending on each good and service in dollar terms; NDP excludes taxes.
• C)GDP includes exports; NDP omits exports.
• D)GDP includes all government spending; NDP subtracts taxes.
• E)GDP includes that part of the capital stock used up in the production process; NDP does not.

---

Definitions:

Block Letter Style

A style of writing or printing in which each letter stands alone without being connected to another, typically used for clarity and readability in formal documents.

Simplified Letter Style

A format for writing letters that is clear, straightforward, and devoid of unnecessary embellishments or complex formatting.

Professional Correspondence

The exchange of letters or emails in a formal context, often related to business or official matters.

Open Punctuation

A style in written communication where traditional punctuation marks like commas or periods are omitted in specific instances, such as within addresses or salutations in letters.