Question
Gross National Product – Depreciation Allowance = ?
Answer: Option C
Answer: (c)
Net National Product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period.
In other words, NNP= Gross National Product – Depreciation Allowance.
Since NNP counts only the net additions to the nation’s stock, it is less than GNP.
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Answer: (c)
Net National Product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period.
In other words, NNP= Gross National Product – Depreciation Allowance.
Since NNP counts only the net additions to the nation’s stock, it is less than GNP.
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