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Define the term Net National Product.

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The total output of consumer goods produced by residents plus the net increase in the economy’s total capital stock (That is, production of new capital goods in excess of replacement of depreciated capital goods) during any given period of time.

It is computed as follows;
NNP = GNP – Depreciation (capital consumption allowance)
Net Domestic Product (NDP)
NDP = GDP - Depreciation (capital consumption allowance)

Kavungya answered the question on August 10, 2021 at 05:51

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