Question

Briefly explain GDP and NNP at market price​

Answer 1

Answer:

NNP at market price is gross national product at market price minus depreciation. Net National Product at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at factor cost or net domestic product at factor cost and net factor income from abroad.

Answer 2

Explanation:

NNP is often examined on an annual basis as a way to measure a nation's success in continuing minimum production standards. Gross Domestic Product (GDP) is the most popular method to measure national income and economic prosperity, although NNP is prominently used in environmental economics.

HOPE YOU UNDERSTAND

PLEASE MARK ME AS BRAINLIST