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Question : If we deduct depreciation from GNP the measure of aggregate income that we obtain is called _____.

Option 1: Gross domestic product

Option 2: National income

Option 3: Private income

Option 4: Net national product


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: Net national product


Solution : The correct answer is Net national product.

The amount of total income obtained after deducting depreciation from the gross national product is known as the net national product (NNP). It is calculated by deducting capital stock consumption, or depreciation value, from Gross National Product (GNP). The formula for calculating the net national product (NNP) is GNP - depreciation.

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