Gross National Product (GNP) less the provision for the wear and tear of assets is the

Gross National Product (GNP) less the provision for the wear and tear of assets is the
A. net factor income
B. net indirect taxes
C. net national product
D. net present value
Correct Option: Answer is C
Net national product (NNP) is the gross national product (GNP) less the provision for the wear and tear of assets. It is a measure of the total income generated in an economy after accounting for depreciation. Net National Product is the gross national product minus depreciation i.e NNP = GNP – Depreciation or Capital consumption allowance.

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