Gross National Product GNP less the provision f... - JAMB Economics 2022 Question
Gross National Product (GNP) less the provision for the wear and tear of assets is the
A
net present value
B
net national product
C
net factor income
D
net indirect taxes
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Correct Option: B
Option B is the correct answer.
To calculate Net National Product, subtract depreciation, also known as capital consumption allowance, from Gross National Product. In other words, NNP = GNP - Depreciation.
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