Question on: JAMB Economics - 2012
Net National Product is derived by deducting
A
net exports from GNP
B
subsidies from GDP
C
taxes from GDP
D
depreciation from GNP
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Correct Option: D
Net National Product (NNP) is calculated by subtracting depreciation from Gross National Product (GNP). Depreciation represents the loss in value of capital goods over time.
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