McqMate
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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