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WAEC Economics 2012 Question 36

Question 36

National Income

When depreciation is deducted from Gross National Product, the result is

  1. A.total national income.
  2. B.gross domestic product.
  3. C.net national product.
  4. D.net domestic product.
Show the answer and explanation

Answer: C (net national product.)

Explanation

GNP − depreciation = NNP.