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Net Domestic Product (NDP) is obtained by subtracting which component from Gross Domestic Product (GDP)?

ADepreciation (Capital Consumption Allowance)
BSubsidies
CNet Factor Income from Abroad
DDirect Taxes

Explanation

NDP = GDP – Depreciation. It accounts for the wear and tear on physical capital during production.

Submitted by: mcqstutor Team More Economics MCQs →

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