8. Assume Country A produces $1 trillion worth of goods and $3 trillion worth of services...
8. Assume Country A produces $1 trillion worth of
goods and $3 trillion worth of services this year. The capital
stock used to produce those goods and services depreciated by $500
billion. What is the net domestic product for Country A?
Homework Answers
Gross Domestic Product ( GDP) is a monetary value of all finished goods and services made within a country during a specific period .
So , by defination ,
GDP of country A = Monetary value of production + Monetory value of services
=1 trillion + 3 trillion
= 4 trillion
NDP or net domestic product equals to gross domestic product minus depreciation on a country's capital stock .
NDP= GDP - DEPRECIATION
= 4 trillion - 50 billion
= 3 trillion 950 billion
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8. Assume Country A produces $1 trillion worth of
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