Difference between Gross National Product and Depreciation gives _________.

NNP (Net National Product)

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GNP (Gross National Product)

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GDP (Gross Domestic Product)

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None of the above

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Solution

The correct option is B NNP (Net National Product)
Difference between Gross National Product and depreciation gives Net National Product

Net national product refers to the gross national product which is the total market value of all final goods and services produced during a year minus depreciation which is the decrease in an assets value caused by unfavourable market conditions. It is the purest form of national income.

NNP=GNP-Depreciation

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Similar questions

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?

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