McqMate
Q. |
The difference between GNP and NNP equals - |
A. | corporate profits |
B. | personal taxes |
C. | transfer payments |
D. | depreciation |
Answer» D. depreciation | |
Explanation: Gross National Product [GNP) is the gross value of all the final products without deducting the depreciation of fixed capital. Net National Product (NNP) is the value of net output in an economy during a period of one year. The difference between the GNP and NNP is equal to Capital depreciation. |
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