Q.

Depreciation is equal to —

A. Gross national product —Net national product
B. Net national product —Gross national product
C. Gross national product —Personal income
D. Personal income — Personal taxes
Answer» A. Gross national product —Net national product
Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in one year of a country. If we subtract the depreciation charges from the gross national product, we get net national product at market price. So depreciation = Gross National Product- Net National Product,
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