Gross National Product (GNP) less the provision for the wear and tear of assets is the?

By: |Published on: Jan 2|Categories: Economics WAEC| 0 comments

A. net factor income
B. net indirect taxes
C. net national product
D. net present value

Correct Answer:

Option C – net national product

Explanation

Net National Product is the gross national product minus depreciation i.e NNP = GNP – Depreciation or Capital consumption allowance.

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