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. |
|
View all MCQs in
Economics (GK)No comments yet