Question

If a country produces 1 lakh rupees worth of goods and 3 lakh rupees worth of services in 2018, and the assets used to produce those goods and services are depreciated by 50,000 rupees, then NNP is equal to ____ rupees

• A. 3,50,000
• B. 4,50,000
• C. 4,00,000
• D. 1,50,000

Answer 1

The correct option is A

3,50,000

NNP = Gross National Product - Depreciation

NNP = 1,00,000 + 3,00,000 - 50,000

= 3,50,000 rupees