JKSSB Mock Tests

When calculating Net National Product (NNP), what is deducted from Gross National Product (GNP)?

A. Subsidies
B. Personal income
C. Depreciation
D. Indirect taxes
Answer: Option C
Solution (By JKSSB Mock Tests Team)
Net National Product (NNP) is standardly calculated by taking the Gross National Product (GNP) and explicitly subtracting depreciation, which represents the wear and tear of a nation's capital assets.
This Question Belongs to: General knowledge mcqs Economics set 2

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