Question : Gross Domestic Product (GNP) - Depreciation allowances = ____________.
Option 1: National Income
Option 2: Net Domestic Product (NDP)
Option 3: Net National Product (NNP)
Option 4: Gross National Product (GNP)
Correct Answer: Net National Product (NNP)
Solution : The correct option is NNP .
Net National Product (NNP) is the total value of goods and services produced in a country, taking into account the wear and tear on capital goods used in production. It reflects the country's net output after considering capital depreciation. GNP is the total value of a country's goods and services, including what is produced abroad by its residents and businesses in a year.
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