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Question : Net National Product (NNP) is calculated by subtracting ______ from ______.

 

Option 1: depreciation, GDP

Option 2: GDP, depreciation

Option 3: depreciation, GNP

Option 4: GNP, depreciation


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: depreciation, GNP


Solution : The correct answer is (c) depreciation, GNP.

GNP represents the total value of all final goods and services produced by a country's residents, both domestically and abroad, during a specific period. To calculate NNP, depreciation is subtracted from GNP to account for the wear and tear or loss in value of capital goods.

 

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