Multiple choice

What is Net National Product?

  1. The money value of final goods and services produced annually in the economy.

  2. The money value of annual service generated in the economy.

  3. The money value of tangible goods produced annually in the economy.

  4. The money value of tangible goods available in the economy.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Net National Product (NNP) is calculated by subtracting depreciation from Gross National Product (GNP). The provided options are vague, but A is the standard definition often used in introductory textbooks to describe the value of final goods and services.

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