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JAMB Economics 1989 Question 45

Question 45

National Income

The difference between gross national product and net national product is equal to

  1. A.gross investment
  2. B.net investment
  3. C.net foreign income
  4. D.capital depreciation.
Show the answer and explanation

Answer: D (capital depreciation.)

Explanation

NNP = GNP − depreciation (capital consumption).