To calculate net national product we must
A)subtract depreciation.
B)subtract indirect taxes less subsidies.
C)add consumption expenditure.
D)add investment.
E)subtract investment.

Question

Quizplus · Accepted Answer

Net national product is defined as the total value of goods and services produced by a country's citizens and businesses in a given time period minus depreciation (the amount of wear and tear on the country's capital goods used in production). Therefore, to calculate net national product, we must subtract depreciation (Choice A).

To Calculate Net National Product We Must