When depreciation is deducted from Gross National Product, the result is

Economics

WAEC 2012

A. total national income
B. gross domestic product
C. net national product
D. net domestic product

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Correct Answer: Option C

Explanation

Net national product is the total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been deducted.

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When depreciation is deducted from Gross National Product, the result is

Correct Answer: Option C

Explanation

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