3.1 - Gross Domestic Product (GDP) and Net Domestic Product (NDP)
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Practice Questions
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What does GDP stand for?
💡 Hint: Think about what GDP measures in an economy.
What does NDP adjust GDP for?
💡 Hint: Consider how equipment and goods lose value over time.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does GDP measure?
💡 Hint: Think about what is included in GDP calculations.
True or False: Net Domestic Product includes depreciation in its calculation?
💡 Hint: Remember the definition of NDP.
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Challenge Problems
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A country reports a GDP of $1 trillion and depreciation at $200 billion. Analyze the implications of their NDP.
💡 Hint: Think about what this says about their capacity to maintain economic activity.
Critically evaluate the effect of rising GDP alongside stagnant NDP.
💡 Hint: Reflect on how capital investment relates to accountability in economic growth.
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