Explain briefly NNP at factor cost? – InterviewSolution

InterviewSolution

1.	Explain briefly NNP at factor cost?
Answer» Net National Product refers to the value of the net output of the economy during the year. NNP is obtained by deducting the value of depreciation, or replacement allowance of the capital assets from the GNP. It is expressed as, NNP = GNP – depreciation allowance.

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