Question : What is the Net National Product?
Option 1: The product of gross national product and depreciation is net national product.
Option 2: The sum of gross national product and income of foreigners is net national product.
Option 3: Net National product is equal to gross national product.
Option 4: The difference between gross national product and depreciation is net national product.
Correct Answer: The difference between gross national product and depreciation is net national product.
Solution : The correct answer is The difference between gross national product and depreciation is net national product .
The term "net national product" refers to gross national product, which is the total market value, less depreciation, of all finished goods and services generated by a nation's or other polity's factors of production over a specific period. As a result, NNP is equal to national income, or the total amount of money that can be spent on goods and services in the economy. The net national product is the amount that remains after depreciation, which subtracts it from the gross national product.
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