Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.
Option 1: Gross Domestic Product at market prices
Option 2: Gross Domestic Product
Option 3: Net National Product
Option 4: Personal income
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Correct Answer: Net National Product
Solution : The correct option is Net National Product.
The measure of Aggregate income obtained by deducting depreciation from Gross national product (GNP) is called Net National product (NNP). It represents the total value of goods and services produced by a country's residents and businesses in a given period, after accounting for the depreciation of capital assets.
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Question : What is the Net National Product?
Option 1: The product of gross national product and depreciation is net national product.
Option 2: The sum of gross national product and income of foreigners is net national product.
Option 3: Net National product is equal to gross national product.
Option 4: The difference between gross national product and depreciation is net national product.
Question : Gross National Product - Depreciation Allowance = ?
Option 1: Per capita Income
Option 3: Pesonal Income
Option 4: Net National Product
Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.
Option 1: Gross national income
Option 2: Gross domestic product
Option 3: Net national product
Option 4: National income at factor price
Question : Net Investment plus Depreciation gives an estimate of which of the following?
Option 1: Gross Domestic Product
Option 2: Personal income
Option 3: Gross investment
Option 4: Private investment
Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.
Option 1: expenditure method
Option 2: consumption method
Option 3: income method
Option 4: product method
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