the difference between Gross national product and net national product equal?
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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.
- National income includes all income earned: wages, profits, rent, and profit income.
- 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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