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The national income is calculated by subtracting indirect taxes from NNP and adding subsidies to it. Indirect taxes are those, which are usually included in the market prices of goods and services. Subsidies are monetary assistance given by government to firms for keeping market prices below the factor cost. give example
Wiki User
∙ 15y ago
Wiki User
∙ 10y agoGDP means gross domestic product. It is measured by the total income of a particular country per year. This includes goods, services, food, stocks etc.
Wiki User
∙ 9y agoGross domestic produce can be calculated in two different ways. One way is adding yearly income and two is adding everything.
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What does GDP stands for?
It stands for Gross Domestic Product
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Per capita gross domestic product is a nation's gross domestic product divided by its what?
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How is the gross national product derived from the gross domestic product?
The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.
The nation's economic health is currently calculated by using what?
Gross Domestic Product
What is the acronym for Gross Domestic Product?
The acronym for Gross Domestic Product is GDP.
What does GDP stands for?
It stands for Gross Domestic Product
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Per capita gross domestic product is a nation's gross domestic product divided by its what?
asas
How is the gross national product derived from the gross domestic product?
The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.
Gross Domestic Product is calculated by summing up?
Gross domestic product or GDP generally is defined as the market value of the goods and services produced by a country and is calculated per quarter. One method of calculating is summing up all expenditures in the country and is known as the expenditure approach.
What are the two types of gross domestic product?
Coffee and tea are two types of the gross domestic product.
What is the best definition of gross domestic product?
Gross Domestic PRoduct is the total amount of money per year
What is the difference between gross national product and gross domestic product?
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What do you mean by GDP and GNP?
Gross Domestic Product and Gross National Product
