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Q. |
Gross National Product - Depreciation Allowance =? |
A. | Per Capita Income |
B. | Gross Domestic Product |
C. | Personal Income |
D. | Net National Product |
Answer» D. Net National Product | |
Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= Gross National Product - Depreciation Allowance. Since NNP counts only the net additions to the nation's stock, it is less than GNP. |
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