Question
The difference between GNP and NNP equals
Answer: Option B
Answer: (b)
Gross National Product [GNP] is the gross value of all the final products without deducting the depreciation of fixed capital.
Net National Product [NNP] is the value of net output in an economy during a period of one year. The difference between the GNP and NNP is equal to Capital depreciation.
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Answer: (b)
Gross National Product [GNP] is the gross value of all the final products without deducting the depreciation of fixed capital.
Net National Product [NNP] is the value of net output in an economy during a period of one year. The difference between the GNP and NNP is equal to Capital depreciation.
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