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You are hiking through a national forest when something moves under the leaves ahead and to your left. You then see the creature and determine that it is indeed a poisonous snake. Deciding how you will react and avoid getting bit is known as
Depreciation
is an accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value.
Net Domestic Product
The total value of all finished goods and services produced within a country’s borders in a specific time period, after accounting for depreciation.
Per Capita GDP
A measurement that represents the gross domestic product (GDP) per person within a country, providing a per capita average of national economic output and wealth.
Population
The total number of people inhabiting a particular territory or country.
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