Economics JAMB

Net National Product is derived by deducting?

A. net exports from GNP
B. subsidies from GDP
C. taxes from GDP
D. depreciation from GNP

Correct Answer:

Option D – depreciation from GNP

Explanation

Net national product is gotten by adding: The market value of all finished goods + the market value of all finished services – the depreciation of those goods and services = net national product.

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