If GNP is $650 billion and depreciation is $70 billion, then net national product is
A) $560 billion.
B) $580 billion.
C) $610 billion.
D) $720 billion.

Name: If GNP is $650 billion and depreciation is $70 billion, then net national product is A) $560 billion. B) $580 billion. C) $610 billion. D) $720 billion.
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Question

Quizplus · Accepted Answer

Net national product (NNP) is calculated as GNP minus depreciation. Thus, NNP = GNP - Depreciation = $650 billion - $70 billion = $580 billion. Therefore, the best choice is B.

If GNP Is $650 Billion and Depreciation Is $70 Billion