GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GDP minus depreciation allowances
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GDP plus net income from abroad
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GNP minus net income from abroad
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GNP minus depreciation allowances
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Detailed explanation-1: -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. NNP is often examined on an annual basis as a way to measure a nation’s success in continuing minimum production standards.
Detailed explanation-2: -NNP = GNP – Depreciation This concludes the concept of NNP which is one of the indicators of economic health of a nation.
Detailed explanation-3: -Net National Product (NNP) of an economy is the GNP after deducting the loss due to depreciation’. The formula to derive it may be written like : NNP = GNP – Depreciation or, NNP = GDP + Income from Abroad Depreciation.
Detailed explanation-4: -Net national product, or NNP, is GNP minus depreciation.