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]

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Formula

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Net Domestic Product at Market Price

Formula

NDP mp = GDP mp - D

Example

23550 = 25050 - 1500

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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)

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Created by Aashna

IGNOU (IGNOU), India

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BMS College of Engineering (BMSCE), Bangalore

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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 -> 23550 = 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.

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