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Which of the following best defines Net ...

Which of the following best defines Net National Income?

A

NDP – Depreciation

B

GNP + Depreciation

C

GDP – Depreciation

D

GNP – Depreciation

Text Solution

Verified by Experts

The correct Answer is:
D
Gross National Product is Gross Domestic Product (GDP) plus net factor income from abroad. It measures the monetary value of all the finished goods and services produced by the country’s factors of production irrespective of their location. When depreciation is deducted from the GNP, we get Net National Income.
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