Expenditure Approach GDP
(continued fom previous post)
Gross and net concept
2.45 Gross domestic product (GDP) at market prices represents the final
result of the production activity of resident producer units.
2.46 GDP is also equal to the sum of the final uses of goods and services
(all uses except intermediate consumption) measured in purchasers' prices,
less the value of imports of goods and services.
2.47 Finally, GDP is also equal to the sum of primary incomes distributed by
resident producer units.
2.48 Net domestic product (NDP) is obtained by deducting the consumption
of fixed capital from GDP.[Reproduced fromCSO Publication]
(continued fom previous post)
Gross and net concept
2.45 Gross domestic product (GDP) at market prices represents the final
result of the production activity of resident producer units.
2.46 GDP is also equal to the sum of the final uses of goods and services
(all uses except intermediate consumption) measured in purchasers' prices,
less the value of imports of goods and services.
2.47 Finally, GDP is also equal to the sum of primary incomes distributed by
resident producer units.
2.48 Net domestic product (NDP) is obtained by deducting the consumption
of fixed capital from GDP.[Reproduced fromCSO Publication]
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