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What do you meant by net …

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What do you meant by net national product at market price? How will you estimate on the basis of gross national product?

Posted by Surmai Gupta 5 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sneha Manchanda 5 years, 6 months ago

Net national product at market price refers to the market value of final goods and services produced within the domestic territory of a country during an accounting year and it is exclusive of depreciation and inclusive of net factor income from abroad. On the basis of GNP to get NNPmp we will deduct depreciation from it and also deduct NIT.

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