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Q. |
Net National Product in National Income Accounting refers to - |
A. | Gross Domestic Product—Depreciation |
B. | Gross Domestic Product + Subsidies |
C. | Gross National Product—Depreciation |
D. | Gross National Product + Subsidies |
Answer» C. Gross National Product—Depreciation | |
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. |
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