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Net National Product is
1. Gross Domestic Product - Depreciation
2. Gross National Product - Depreciation
3. Net National Product - Depreciation
4. Net Domestic Product - Depreciation

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Correct Answer - Option 2 : Gross National Product - Depreciation

The correct answer is Gross National Product - Depreciation.

  • The total market value of all final goods and services generated by the factors of production of a country or other polity within a certain time period, minus depreciation, is referred to as net national product (NNP).
  • Similarly, gross domestic product (GDP) minus depreciation equals net domestic product (NDP).
  • Depreciation is the process of a fixed asset's value depreciating due to wear and tear linked with its use in productive activities.
  • Another notion closely related to the concept of GNP is a country's NNP.
  • NNP is a more precise measure of a country's total value of products and services.

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