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

Economics
WAEC 2022

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

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

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

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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