GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Gross National Product-Net National Product
|
|
|
Net National Product-Gross Natioanl Product
|
|
|
Gross National Product-Personal Income
|
|
|
Personal Income-Personal Taxes
|
Detailed explanation-1: -This concludes the concept of NNP which is one of the indicators of economic health of a nation.
Detailed explanation-2: -NNP(Net National Product) is equal to GNP(Gross National Product) – Depreciation. It refers as the gross national product, i.e. the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation.
Detailed explanation-3: -Depreciation describes the devaluation of fixed capital through wear and tear associated with its use in productive activities. Closely related to the concept of GNP is another concept called NNP of a country. NNP is a more accurate measure of total value of goods and services by a country.
Detailed explanation-4: -Key Takeaways. Net national product (NNP) is gross national product (GNP), the total value of finished goods and services produced by a country’s citizens overseas and domestically, minus depreciation.