what is national product?
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Explanation:
- 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.
Answered by
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Answer:
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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