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.
1.5k
0
Do you find this helpful?
5

View all MCQs in

Economics (GK)

Discussion

No comments yet