Net Domestic Product at Market Price Calculator

✖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.ⓘ Gross Domestic Product at Market Price [GDP_mp]			+10% -10%
✖Depreciation refers to the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.ⓘ Depreciation [D]			+10% -10%

✖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.ⓘ Net Domestic Product at Market Price [NDP_mp]

⎘ Copy

👎

Formula

✖

Net Domestic Product at Market Price

Formula

`"NDP"_{"mp"} = "GDP"_{"mp"}-"D"`

Example

`"23550"="25050"-"1500"`

Calculator

LaTeX

Reset

👍

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
NDP_mp = GDP_mp-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

NDP_mp = GDP_mp-D --> 25050-1500

Evaluating ... ...

NDP_mp = 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)

You are here -

Home » Financial » Economy » Macroeconomics » Net Domestic Product at Market Price

Credits

Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 50+ more calculators!

Verified by Vishnu K

BMS College of Engineering (BMSCE), Bangalore

Vishnu K has verified this Calculator and 200+ more calculators!

< 20 Macroeconomics Calculators

Operating Surplus

Go Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes

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)

Personal Disposable Income

Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government

Life Expectancy

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

Growth Rate of Money Supply

Go Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product

Real Gross Domestic Product Per Capita

Go Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population

Expenditure Multiplier

Go Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending

Gross National Disposable Income

Go Gross National Disposable Income = Net National Disposable Income+Depreciation

Velocity of Money

Go Velocity of Money = Nominal Gross Domestic Product/Money Supply

Real Wage

Go Real Wage = Nominal Wage/Consumer Price Index

Simple Deposit Multiplier

Go Simple Deposit Multiplier = 1/Required Reserve Ratio

Net Domestic Product at Market Price Formula

Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
NDP_mp = GDP_mp-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 NDP_mp 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 (GDP_mp) & 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 NDP_mp = GDP_mp-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 (GDP_mp) & 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.

Home

FREE PDFs

🔍 Search