Economics · National Income
Consider the following statements: a. Net National Product (NNP) is always less than Gross National Product (GNP) if depreciation is greater than zero. b. Gross National Product includes depreciation, while Net National Product does not. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither a nor b is correct
- 2Both a and b are correct
- 3Only b is correct✓
- 4Only a is correct
Correct answer
Only b is correct
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