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Gross National Product – Depreciation Allowance =?
  • a)
    Net National Product
  • b)
    Gross Domestic Product
  • c)
    Per Capital Income
  • d)
    Personal Income
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Gross National Product – Depreciation Allowance =?a)Net National Prod...
Net national Park 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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Gross National Product – Depreciation Allowance =?a)Net National Prod...


Net National Product Calculation:

- Gross National Product (GNP) represents the total value of all final goods and services produced by a country's residents in a specific time period.
- Depreciation allowance refers to the amount set aside to account for the wear and tear of capital goods used in production.
- By subtracting the depreciation allowance from the Gross National Product, we arrive at the Net National Product (NNP).
- NNP reflects the net value of goods and services produced within a country's borders after accounting for depreciation.

Therefore, the correct answer is Net National Product (NNP).
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Gross National Product – Depreciation Allowance =?a)Net National Productb)Gross Domestic Productc)Per Capital Incomed)Personal IncomeCorrect answer is option 'A'. Can you explain this answer?
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