Gross Domestic Product less Depreciation is ________.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Net Domestic Product.
Net Domestic Product (NDP) is derived by subtracting depreciation from Gross Domestic Product (GDP). GDP represents the total value of goods and services produced within a country's borders. Depreciation accounts for the wear and tear of capital assets. Therefore, NDP provides a more accurate measure of a nation's economic output, reflecting the actual value generated after considering asset depreciation.