Net national product (NNP)is equal to
A)personal income minus taxes.
B)GNP minus consumption of fixed capital.
C)GDP plus consumption of fixed capital.
D)national income plus consumption of fixed capital.

Question

Quizplus · Accepted Answer

Net National Product (NNP) is calculated by subtracting the consumption of fixed capital (depreciation) from the Gross National Product (GNP). This reflects the total market value of all final goods and services produced by the residents of a country, adjusted for the loss of value of capital goods due to wear and tear, obsolescence, or age.

Net National Product (NNP)is Equal to