Question

Distinguish between:

Net National Product and Net Domestic Product

Answer 1

	Net National Product	Net Domestic Product
Meaning	Net National Product is the net value of all final goods and services at market value resulting from current production during a financial year in a country, including net income from abroad.	The net worth of all finished products and services at market value produced by current production in a nation during a fiscal year is known as the net national product. This value includes net foreign income.
Formula	NNP = C + I + G + (X – M) + (R – P) – D	NDP = C + I + G + (X  – M) – D