Question

Given the following data calculate the net domestic products at the market price

Gross national product at market prices =US$ 85,000

Depreciation=US$ 3,000

Net factor income from abroad =US$ 2,000

Answer 1

Net Domestic Products (NDP) =

 Gross National Product + Net Income Factor - Depreciation

NDP = US$ 85,000 + US$ 2,000 - US$ 3,000 =

NDP = US$ 84000