A) NDP = GDP \[-\] depreciation
B) GNP = GDP + Net income from abroad
C) NNP = GNP + depreciation
D) Per capita income of the Nation = NNP/Total population
Correct Answer: C
Solution :
[c] The net national product (NNP) is the monetary value of finished goods and services produced by a country's citizens, whether overseas or resident, in the time period being measured (i.e., the gross national product, or GNP) minus the amount of GNP required to purchase new goods to maintain existing stock (i.e., depreciation). NNP = Gross National Product \[-\] Depreciation.
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