explain the terms gross domestic product (GDP)net national priduct (NNP)
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Net national product (NNP) is gross national product (GNP), the total value of finished goods and services produced by a country's citizens overseas and domestically, minus depreciation. NNP is often examined on an annual basis as a way to measure a nation's success in continuing minimum production standards.
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Explanation:
Net National product =the total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.
Gross Domestic product= the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments
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