Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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![Question 14
GDP differs from NDP in that:
"GDP is based on gross exports, while NDP is based on net exports."
"GDP includes, but NDP excludes, indirect business taxes."
net investment is used in calculating GDP and gross investment is used in calculating NDP.
gross investment is used in calculating GDP and net investment is used in calculating NDP.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08cecaa7-8141-4916-99e2-999129504501%2F317b4036-3539-4853-8fa5-836a4af8c08a%2Fz3uf9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 14
GDP differs from NDP in that:
"GDP is based on gross exports, while NDP is based on net exports."
"GDP includes, but NDP excludes, indirect business taxes."
net investment is used in calculating GDP and gross investment is used in calculating NDP.
gross investment is used in calculating GDP and net investment is used in calculating NDP.
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