SSC CHSL 2024 PYQ — Question 28

SSC CHSL - 08 July 2024 - Shift 3 • General Awareness • Q28

What is the use of Net National Product (NNP)?

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. To calculate per capita income.

  • Net National Product (NNP) is used to calculate per capita income. 
  • Per Capita Income = Total Population/NNP at Factor Cost
  • It is commonly used to calculate per capita income, offering insights into the average income of individuals within the nation.
  • Additionally, the NNP serves as a key measure of national income by reflecting the total income generated by residents, both domestically and abroad, after accounting for capital depreciation.
  • It aids in analyzing economic growth trends over time, guiding policymakers in formulating strategies for taxation, public spending, and sustainable development. 

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