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Economics miscellaneous

  1. The difference between GNP and NNP equals
    1. corporate profits
    2. personal taxes
    3. transfer payments
    4. depreciation
Correct Option: D

Gross National Product [GNP] is the gross value of all the final products without deducting the depreciation of fixed capital. Net National Product [NNP] is the value of net output in an economy during a period of one year. The difference between the GNP and NNP is equal to Capital depreciation.



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