Economics · National Income Accounting
Which of the following statements is INCORRECT regarding Net National Product (NNP)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NNP is considered the purest form of income of a nation
- 2NNP divided by the total population of a nation is equal to the per capita income of that nation
- 3NNP = GNP - Depreciation
- 4NNP = GDP - Income from abroad - Depreciation✓
Correct answer
NNP = GDP - Income from abroad - Depreciation
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