The most expensive line item in the NDP costing is $68 billion in new health-care spending over the next five years, which would fund universal prescription drug coverage, expand long-term care
The correct option is C NNP considers the production of citizens based in both domestic and foreign market. Gross domestic product calculates the final money value of total goods and services produced within a country, while net national product considers the monetary value of finished goods and services produced by a country's citizens, both overseas and domestically.
GDP refers to the money value of final goods and services produced in a country in the span of one year. Gross National Product (GNP) is the total value of all final goods and services produced by a country’s citizens in a given financial year, irrespective of their location. Net National Product (NNP) in an economy is the GNP after deducting
GDP = Consumption + Investment + Government Expenditure + Exports – Imports. Gross National Product takes into account the manufacturing of tangible goods such as vehicles, agricultural products, machinery, etc., as well as the provision of services like healthcare, business consultancy, and education. GNP also includes taxes and depreciation.
Calculate national income by (a) expenditure method, and (b) by production method from the following data:
Net national product means the total production of every type of goods and objects in a nation,at a time period of whole one year. But on the other hand; Net domestic product means the total product consumed by a nation in a year. This consumption amount is also necessary to calculate,in order to plan the upcoming year's financial budgets etc.
IiqK4S.
what is ndp and nnp