WAEC - Economics (2023 - No. 33)
The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is
$40m
$60m
$30m
$500m
Explicació
GNP = NNP + Depreciation Allowance
In this case, the NNP is $50m and the depreciation allowance is $10m. Therefore, the GNP is:
GNP = $50m + $10m = $60m
In this case, the NNP is $50m and the depreciation allowance is $10m. Therefore, the GNP is:
GNP = $50m + $10m = $60m