Question
The Gross Domestic Product of a country is Rs.600
billion. The country earns Rs.40 billion as Net Factor Income from Abroad, while capital consumption allowance amounts to Rs.50 billion. What will be the value of the country’s Net National Product (NNP)?Solution
Note - Capital consumption allowance means depreciation NNP=GDP + Net Factor Income from Abroad – Depreciation = Rs. 600 billion + Rs.40 billion – Rs.50 billion = Rs.590 billion
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