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WAEC Economics 2007 Question 39

Question 39

National Income

The Net National Product (NNP) is Gross National Product (GNP) less

  1. A.domestic product
  2. B.foreign product
  3. C.depreciation
  4. D.investment.
Show the answer and explanation

Answer: C (depreciation)

Explanation

NNP = GNP − depreciation (capital consumption).