Gross National Product (GNP) less the provision for the wear and tear of assets is...
ECONOMICS
WAEC 2022
Gross National Product (GNP) less the provision for the wear and tear of assets is the
- A. net factor income
- B. net indirect taxes
- C. net national product
- D. net present value
Correct Answer: C. net national product
Explanation
Net National Product is the gross national product minus depreciation i.e NNP = GNP - Depreciation or Capital consumption allowance.
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