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Bank Clerk General Knowledge - Economics, Banking & Current Affairs
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NNP is equal to
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A
GNP (-) Depreciation
💡 Explanation:
NNP (Net National Product) is calculated as GNP (Gross National Product) minus depreciation. GNP is the total value of all final goods and services produced by a country's residents in a year, and depreciation represents the wear and tear or capital consumption during production. NNP gives us the net value after accounting for this capital consumption.