What is the country's Net National Product (NNP) at factor cost?
A.
$2,220
B.
$2,230
C.
$3,050
D.
$2,680
Correct Answer: Option B
Explanation
Net National Product (NNP) at factor cost is calculated by subtracting Depreciation and Indirect taxes from the GNP. So, NNP at
factor cost = GNP - Depreciation - Indirect taxes = $3050 - $700-$120 = $2230.
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