McqMate
Q. |
Net National Product of a country is - |
A. | GDP minus depreciation allowances |
B. | GDP plus net income from abroad |
C. | GNP minus net income from abroad |
D. | GNP minus depreciation allowances |
Answer» D. GNP minus depreciation allowances | |
Explanation: Net national product (NNP) is the total market value of all final goods and services produced by residents in a country or other polity during a given time period (gross national product or GNP) minus depreciation. The net domestic product (NDP) is the equivalentapplication of NNP within macroeconomics, and NDP is equal to gross domestic product (GDP) minus depreciation: NDP = GDP - depreciation. |
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