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What is another word for net domestic product?

Pronunciation: [nˈɛt dəmˈɛstɪk pɹˈɒdʌkt] (IPA)

Net domestic product (NDP) is an important economic term that refers to the value of all goods and services produced within a country's borders. Synonyms for NDP include net national income, gross national product less depreciation, and national income less indirect taxes. These terms are all used to measure a country's economic growth and prosperity. Additionally, they are important indicators for policymakers and investors to evaluate the overall health and performance of a country's economy. The use of these synonyms ensures that important economic concepts are universally understood and can be easily communicated across borders and industries.
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Synonyms for Net domestic product:

What are the hypernyms for Net domestic product?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for net domestic product?

The antonym for the term "Net Domestic Product" refers to the measure of the total value of goods and services produced within a country's borders, excluding income earned by foreign residents. The opposite of NDP would be Gross National Product (GNP), which is the total income generated by a country's residents, no matter where they are located in the world. Unlike NDP, GNP includes income earned by citizens residing abroad, but it excludes the income produced domestically by foreign residents. Essentially, GNP is a broader measure of a country's economic output since it considers income generated abroad by its residents.

What are the antonyms for Net domestic product?

  • Other relevant words:

Related words: gdp, gross domestic product, per capita gdp, real gdp, nominal gdp, real domestic product, nominal domestic product

Related questions:

  • What is net domestic product?
  • How is gdp calculated?
  • What is the difference between gross domestic product and net domestic product?

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