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Net National Product is derived by deducting

Economics
JAMB 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 Answer: Option D
Explanation

Net national product is gotten by adding;

The market value of all finished goods + the market value of all finished services - the depreciation of those goods and services = net national product. 

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