Depreciation is included in Gross National Product (GNP), but is excluded from Net National Product (NNP).

Name: Depreciation is included in Gross National Product (GNP), but is excluded from Net National Product (NNP).
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Depreciation is subtracted from Gross National Product (GNP) to calculate Net National Product (NNP), which reflects the total value of goods and services produced by a country's residents minus the loss of value of capital goods.

Depreciation Is Included in Gross National Product (GNP), but Is