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WAEC Economics 1999 Question 49

Question 49

National Income

Gross National Product (GNP) less depreciation is known as

  1. A.Gross Domestic Product
  2. B.Gross National Income
  3. C.Fixed National Income
  4. D.Net National Product
Show the answer and explanation

Answer: D (Net National Product)

Explanation

NNP = GNP − depreciation.