Question : Net National Product of a country is:
Option 1: Gross Domestic Product (GDP) minus depreciation allowances
Option 2: Gross Domestic Product (GDP) plus net income from abroad
Option 3: Gross National Product (GNP) minus net income from abroad
Option 4: Gross National Product (GNP) minus depreciation allowances
Correct Answer: Gross National Product (GNP) minus depreciation allowances
Solution : The correct option is GNP minus depreciation allowances .
NNP = Gross National Product (GNP) - Depreciation
The value of all the completed products and services that are created by a nation's residents both domestically and abroad, less depreciation, is known as the Net National Product (NNP). Depreciation is subtracted from the Gross National Product (GNP) to produce this indicator of a nation's economic output.
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Question : Gross Domestic Product (GNP) - Depreciation allowances = ____________.
Question : If exports equal imports, then which of the following relations will be true?
Question : What is the full form of GNI?
Question : Which of the following identities is correct regarding Gross National Product (GNP)?
Question : The ratio between the nominal and real GDP is called ____.
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