Question : Net National Product (NNP) is calculated by subtracting ______ from ______.
Option 1: depreciation, GDP
Option 2: GDP, depreciation
Option 3: depreciation, GNP
Option 4: GNP, depreciation
Answer (1)
17th Jan, 2024
Correct Answer: depreciation, GNP
Solution : The correct answer is (c) depreciation, GNP.
GNP represents the total value of all final goods and services produced by a country's residents, both domestically and abroad, during a specific period. To calculate NNP, depreciation is subtracted from GNP to account for the wear and tear or loss in value of capital goods.
Comments (0)
Related Questions
Trending Articles/News
