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Economics miscellaneous

  1. Depreciation is equal to —
    1. Gross national product — Net national product
    2. Net national product — Gross national product
    3. Gross national product — Personal income
    4. Personal income — Personal taxes
Correct Option: A

Net national product at market price is the market value of the output of final goods and services produced at current price in one year of a country. If we subtract the depreciation charges from the gross national product, we get net national product at market price. So depreciation = Gross National ProductNet National Product,



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