SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    Which of the statements given below is/are incorrect?

    A)  NDP = GDP \[-\] depreciation

    B)  GNP = GDP + Net income from abroad

    C)  NNP = GNP + depreciation

    D)  Per capita income of the Nation = NNP/Total population

    Correct Answer: C

    Solution :

    [c] The net national product (NNP) is the monetary value of finished goods and services produced by a country's citizens, whether overseas or resident, in the time period being measured (i.e., the gross national product, or GNP) minus the amount of GNP required to purchase new goods to maintain existing stock (i.e., depreciation). NNP = Gross National Product \[-\] Depreciation.

You need to login to perform this action.
You will be redirected in 3 sec spinner