Question : Statement 1: Net National Product (NNP) represents the value of final goods and services produced by a country's residents during a specific period.

Statement 2: NNP is obtained by deducting depreciation from Gross National Product (GNP).

Option 1: Statement 1 is true, and Statement 2 is false.

Option 2: Statement 1 is false, and Statement 2 is true.

Option 3: Both Statement 1 and Statement 2 are true.

Option 4: Both Statement 1 and Statement 2 are false.

Question : Net domestic product is calculated as_______.

Option 1: Gross Domestic Product (GDP)  - Depreciation

Option 2: Gross National Product (GNP) - Depreciation

Option 3: Gross Domestic Product (GDP) - Net income earned from abroad

Option 4: Gross National Product (GNP)  - Net income earned from abroad

Question : Net National Product of a country is:

Option 1: Gross Domestic Product (GDP) minus depreciation allowances

Option 2: Gross Domestic Product (GDP) plus net income from abroad

Option 3: Gross National Product (GNP) minus net income from abroad

Option 4: Gross National Product (GNP) minus depreciation allowances

Question : Statement 1: Gross Domestic Product (GDP) is a measure of the total output of final goods and services produced within a country's borders.

Statement 2: GDP excludes the value of intermediate goods and services used in production.

Option 1: Statement 1 is true, and Statement 2 is false.

Option 2: Statement 1 is false, and Statement 2 is true.

Option 3: Both Statement 1 and Statement 2 are true.

Option 4: Both Statement 1 and Statement 2 are false.

Question : Which of the following is a measure of national income that takes into account the depreciation of capital?

Option 1: Gross National Product (GNP)

Option 2: Net National Product (NNP)

Option 3: Gross Domestic Product (GDP)

Option 4: Net Domestic Product (NDP)