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What is National Income Aggregates Explained about?

The document discusses various aggregates used to measure domestic and national income and output. It defines Gross Domestic Product at market price (GDPMP) as the total value of final goods and services produced domestically in a year. Net Domestic Product at market price (NDPMP) is GDPMP excluding depreciation. National Income is defined as the total factor incomes earned by normal residents of a country from domestic and foreign sources in a year.

Author

transport bass

Language

EN