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SSC GD 2023 PYQ — Question 37

SSC GD Constable (English) - 16 Jan 2023 - Shift 2 • General Awareness • Q37

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Which of the following is correct regarding net national product?

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. NNP ≡ GNP – Depreciation.

  • Net National Product (NNP) refers to the market value of all the finished goods and services that are produced by the citizens of a nation, living domestically and internationally during a year.
  • The net national product can be calculated by the following formula.
  • NNP = GNP - Depreciation 
  • NNP = GDP + Income from abroad.