New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    How can net national product at market price be

    defined?
    A Gross national product at market price plus depreciation Correct Answer Incorrect Answer
    B Net domestic product at market price plus net income from abroad Correct Answer Incorrect Answer
    C Net domestic product at market price minus net income from abroad Correct Answer Incorrect Answer
    D Net domestic product at market price minus depreciation Correct Answer Incorrect Answer

    Solution

    Net national product (NNP) at market price represents the total market value of all final goods and services produced by a country's residents in a given period, adjusted for depreciation. It is calculated by adding net income from abroad to the net domestic product at market price. This measure accounts for both domestic production and the income earned by domestic residents from foreign sources, minus income earned by foreign residents domestically, providing a comprehensive view of a country's economic production.

    Practice Next

    Relevant for Exams: