passwella.
Menu

JAMB Economics 2012 Question 27

Question 27

National Income

Net National Product is derived by deducting

  1. A.net exports from GNP
  2. B.subsidies from GDP
  3. C.taxes from GDP
  4. D.depreciation from GNP.
Show the answer and explanation

Answer: D (depreciation from GNP.)

Explanation

NNP = GNP − depreciation (capital consumption allowance).