The full form of NDP is New Democratic Party

The New Democratic Party (NDP; French: Nouveau Parti démocratique, NPD) is a social democratic federal political party in Canada. The party was founded in 1961 by the Co-operative Commonwealth Federation (CCF) and the Canadian Labour Congress (CLC). On the political spectrum, the party sits to the left of the Liberal Party.

The federal and provincial (or territorial) level NDPs are more integrated than other political parties in Canada, and have shared membership (except for the New Democratic Party of Quebec). The NDP has never won the largest share of seats at the federal level. From 2011 to 2015, it formed the Official Opposition, but it is typically the third or fourth-largest party in the House of Commons. However, the party has held considerable influence during periods of minority government. Sub-national branches of the NDP have formed the government in six provinces (Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, and Nova Scotia) and the territory of Yukon.

Since 2017, the NDP has been led by Jagmeet Singh, who is the first Indo-Canadian to lead a major federal party in Canada. Following the 2021 Canadian federal election, it is currently the fourth-largest party in the House of Commons with 25 seats.

The full form of NDP is Net domestic product

The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country’s capital goods.

Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. The depreciation accounted for is often referred to as “capital consumption allowance” and represents the amount of capital that would be needed to replace those depreciated assets. The portion of investment spending that is used to replace worn out and obsolete equipment — depreciation — while essential for maintaining the level of output, does not increase the economy’s capacities in any way. If GDP were to grow simply as a result of the fact that more money was being spent to maintain the capital stock because of increased depreciation, it would not mean that anyone had been made better off. Because of this some economists view NDP as a better measure of social and economic well being than GDP.

If the country is not able to replace the capital stock lost through depreciation, then GDP will fall. In addition, a growing gap between GDP and NDP indicates increasing obsolescence of capital goods, while a narrowing gap means that the condition of capital stock in the country is improving. It reduces the value of capital that is why it is separated from GDP to get NDP.

GDP-D=NDP