Purest form of national income is _________.

NNP (Net National Product)

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

GNP (Gross National Product)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

GDP (Gross Domestic Product)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B NNP (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

Suggest Corrections

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?

Join BYJU'S Learning Program