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Answer to Question #224332 in Economics for Zainab
Question #224332
What is NDP? Is it a better or worse measures of output than GDP? Explain
Expert's answer
NDP is a Net Domestic Product.
Net domestic product is sometimes considered a better economic indicator than GDP since the former also reveals the amount of investment spent improving the obsolete equipment to maintain the production level. ... A zero net investment means the country's capital stock is constant.
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