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WAEC Economics 2010 Question 30

Question 30

National Income

Which of the following equations is appropriate for determining the Net Domestic Product (NDP)?

  1. A.NDP = GNP − depreciation
  2. B.NDP = GDP + Net Income from abroad
  3. C.NDP = GDP − depreciation
  4. D.NDP = GDP × Net Income from abroad
Show the answer and explanation

Answer: C (NDP = GDP − depreciation)

Explanation

Net domestic product is GDP less depreciation.