what is net national product?how will you calculate it.write a short note about percapnta income
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Explanation:
The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.
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Answer:
Net national product (NNP) is calculated by taking GNP and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. The process by which capital ages and loses value is called depreciation.
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