The aggregate value of goods and services produced within the domestic territory of a country which does not include the depreciation of capital stock is called:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Net Domestic Product
Output within the domestic territory is domestic product. Leaving out depreciation makes it net. So it is Net Domestic Product.
NCERT (2026-27): Glossary: “Net Domestic Product (NDP) – Aggregate value of goods and services produced within the domestic territory of a country which does not include the depreciation of capital stock.” |