net national product is called aggregate supply true or false
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Depreciation is an expected decrease in the value of fixed capital assets due to its general use Value added method is the method that measures the national income by estimating the value added by each producing enterprises within the domestic territory of the country in an accounting year.
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Net national product refers to gross national product, i.e. the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation. Similarly, net domestic product corresponds to gross domestic product minus depreciation.
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