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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