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The term ‘Net National Product’ (NNP) refers to-
  • a)
    Gross Domestic Product (GDP) + Depreciation
  • b)
    Gross Domestic Product (GDP) - Depreciation
  • c)
    Gross National Product (GNP) + Depreciation
  • d)
    Gross National Product (GNP) – Depreciation
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The term ‘Net National Product’ (NNP) refers to-a)Gross Domestic Prod...
- Net national product (NNP) is the monetary value of finished goods and services produced by a country's citizens, overseas and domestically, in a given period.
- Net national product (NNP) refers to gross national product (GNP), i.e. the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation.
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The term ‘Net National Product’ (NNP) refers to-a)Gross Domestic Product (GDP) + Depreciationb)Gross Domestic Product (GDP) - Depreciationc)Gross National Product (GNP) + Depreciationd)Gross National Product (GNP) – DepreciationCorrect answer is option 'D'. Can you explain this answer?
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The term ‘Net National Product’ (NNP) refers to-a)Gross Domestic Product (GDP) + Depreciationb)Gross Domestic Product (GDP) - Depreciationc)Gross National Product (GNP) + Depreciationd)Gross National Product (GNP) – DepreciationCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term ‘Net National Product’ (NNP) refers to-a)Gross Domestic Product (GDP) + Depreciationb)Gross Domestic Product (GDP) - Depreciationc)Gross National Product (GNP) + Depreciationd)Gross National Product (GNP) – DepreciationCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term ‘Net National Product’ (NNP) refers to-a)Gross Domestic Product (GDP) + Depreciationb)Gross Domestic Product (GDP) - Depreciationc)Gross National Product (GNP) + Depreciationd)Gross National Product (GNP) – DepreciationCorrect answer is option 'D'. Can you explain this answer?.
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