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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Is it true that net domestic product plus the capital consumption allowance is equal to GDP? Explain your answer.

To determine

Explain the sum of GDP.

Explanation

Gross domestic product (GDP) refers to the sum of net domestic product (NDP) and capital consumption allowance (depreciation). Thus, the given statement is true and the GDP is written as follows:

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