Net Domestic Product at Market Price Solution

STEP 0: Pre-Calculation Summary
Formula Used
Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
NDPmp = GDPmp-D
This formula uses 3 Variables
Variables Used
Net Domestic Product at Market Price - Net Domestic Product at Market Price is an economic indicator that measures the value of all goods and services produced within a country's borders during a particular time period, minus depreciation.
Gross Domestic Product at Market Price - Gross Domestic Product at Market Price is a measure of the total value of all final goods and services produced within a country's borders during a specific time period.
Depreciation - Depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
STEP 1: Convert Input(s) to Base Unit
Gross Domestic Product at Market Price: 25050 --> No Conversion Required
Depreciation: 1500 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
NDPmp = GDPmp-D --> 25050-1500
Evaluating ... ...
NDPmp = 23550
STEP 3: Convert Result to Output's Unit
23550 --> No Conversion Required
FINAL ANSWER
23550 <-- Net Domestic Product at Market Price
(Calculation completed in 00.004 seconds)

Credits

Created by Aashna
IGNOU (IGNOU), India
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BMS College of Engineering (BMSCE), Bangalore
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20 Macroeconomics Calculators

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Components of Aggregate Demand
Go Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports
Real Effective Exchange Rate
Go Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country
Net Factor Income from Abroad
Go Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
National Disposable Income
Go National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
Gross Domestic Product at Factor Cost
Go Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes
Change in Money Supply
Go Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)
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Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
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Go Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor
Private Final Consumption Expenditure
Go Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
Gross National Product at Market Price
Go Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad
Net Domestic Product at Factor Cost
Go Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes
Net Domestic Product at Market Price
Go Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
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Net Domestic Product at Market Price Formula

Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
NDPmp = GDPmp-D

What do you mean by Net Domestic Product at Market Price ?

Net Domestic Product at Market Price is the measurement of the value of all goods and services produced within the country during a particular duration, after deducting depreciation. NDP at MP is calculated by subtracting depreciation (or the value of capital consumption) from the gross domestic product at market price (GDP at MP). Depreciation accounts for the wear and tear of capital assets used in the production process. NDP at MP is a useful measure because it provides a more accurate picture of the net output generated by the economy, as it factors in the costs associated with maintaining and replacing capital assets. It is often used by economists and policymakers to assess the real economic growth and productivity of a country.

How to Calculate Net Domestic Product at Market Price?

Net Domestic Product at Market Price calculator uses Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation to calculate the Net Domestic Product at Market Price, Net Domestic Product at Market Price is essentially the net value added by all economic activities within a country after accounting for depreciation of capital assets. Net Domestic Product at Market Price is denoted by NDPmp symbol.

How to calculate Net Domestic Product at Market Price using this online calculator? To use this online calculator for Net Domestic Product at Market Price, enter Gross Domestic Product at Market Price (GDPmp) & Depreciation (D) and hit the calculate button. Here is how the Net Domestic Product at Market Price calculation can be explained with given input values -> 23500 = 25050-1500.

FAQ

What is Net Domestic Product at Market Price?
Net Domestic Product at Market Price is essentially the net value added by all economic activities within a country after accounting for depreciation of capital assets and is represented as NDPmp = GDPmp-D or Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation. Gross Domestic Product at Market Price is a measure of the total value of all final goods and services produced within a country's borders during a specific time period & Depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
How to calculate Net Domestic Product at Market Price?
Net Domestic Product at Market Price is essentially the net value added by all economic activities within a country after accounting for depreciation of capital assets is calculated using Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation. To calculate Net Domestic Product at Market Price, you need Gross Domestic Product at Market Price (GDPmp) & Depreciation (D). With our tool, you need to enter the respective value for Gross Domestic Product at Market Price & Depreciation and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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