gross national product or net national product difference ???
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Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. ... Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages over time and therefore loses its value.
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Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. ... Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages over time and therefore loses its value.
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