The difference between Gross Domestic Product (GDP) and Net National Product (NNP) is Depreciation.

Here's why:

GDP is the total value of all goods and services produced within a country's borders in a specific time period. It includes all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade.

NNP, on the other hand, is the total market value of goods and services produced by the residents of a country. It is equal to the GDP minus depreciation. Depreciation refers to the wear and tear or obsolescence of the country's fixed capital assets, like buildings, machinery, equipment, etc.

So, the correct answer is C. Depreciation.

Question

The difference between Gross Domestic Product (GDP) and Net National Product (NNP) is Depreciation.

Here's why:

GDP is the total value of all goods and services produced within a country's borders in a specific time period. It includes all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade.

NNP, on the other hand, is the total market value of goods and services produced by the residents of a country. It is equal to the GDP minus depreciation. Depreciation refers to the wear and tear or obsolescence of the country's fixed capital assets, like buildings, machinery, equipment, etc.

So, the correct answer is C. Depreciation.

Knowee AI · Accepted Answer

The difference between Gross Domestic Product (GDP) and Net National Product (NNP) is Depreciation.

Here's why:

GDP is the total value of all goods and services produced within a country's borders in a specific time period. It includes all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade.

NNP, on the other hand, is the total market value of goods and services produced by the residents of a country. It is equal to the GDP minus depreciation. Depreciation refers to the wear and tear or obsolescence of the country's fixed capital assets, like buildings, machinery, equipment, etc.

So, the correct answer is C. Depreciation.

Difference between GDP and NNP is A. Subsidy B. NIT C. Depreciation D. Tax

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