The Net National Product (NNP) of a country is $50m while the depreciation allowance is...

WAEC 2023

The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is

A. $40m
B. $60m
C. $30m
D. $500m

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Correct Answer: Option B

Explanation

GNP = NNP + Depreciation Allowance

In this case, the NNP is $50m and the depreciation allowance is $10m. Therefore, the GNP is:

GNP = $50m + $10m = $60m

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The Net National Product (NNP) of a country is $50m while the depreciation allowance is...

Correct Answer: Option B

Explanation

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