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
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.
Question : Net Domestic Product (NDP) is calculated by subtracting ______ from ______.
Question : Net domestic product is calculated as_______.
Question : Gross Domestic Product (GNP) - Depreciation allowances = ____________.
Question : Net National Product of a country is:
Question : Which of the following is a measure of national income that takes into account the depreciation of capital?
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