GNP minus depreciation equals:
APrivate Income total
BNet National Product
CGross Domestic Product
DPersonal Income total
Answer & Solution
Correct answer: B. Net National Product
1. Depreciation is nobody's income.
2. GNP less depreciation is NNP.
3. It is valued at market prices.
_Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._
Keep practising Indian Economy
Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.