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Gross National Product (GNP) less the provision for the wear and tear of assets is...

Economics
JAMB 2022

Gross National Product (GNP) less the provision for the wear and tear of assets is the

  • A. net present value
  • B. net national product
  • C. net factor income
  • D. net indirect taxes
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Correct Answer: Option B
Explanation

Net National Product is the gross national product minus depreciation i.e NNP = GNP - Depreciation or Capital consumption allowance.

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