Question

How is Net National Product (NNP) calculated?

• A. GNP minus consumption expenditure
• B. GNP minus depreciation
• C. GDP minus taxes
• D. GDP minus imports

Answer 1

Answer:

A. GNP minus consumption expenditure

Net National Product (NNP)

• Depreciation is the cost of repairing the wear and tear of machinery and other equipment due to wear and tear.

• Gross domestic product is obtained after deducting consumption expenditure from gross national product