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Which of following includes depreciation ?
GNPMP
NNPMP
NNPFC
None of these
- GNPMP (Gross National Product at Market Price): This includes total market value of all goods and services produced by a country's residents. It includes depreciation because "gross" values consider the total output without subtracting the depreciation.
- NNPMP (Net National Product at Market Price): This is calculated by subtracting depreciation from GNP. It does not include depreciation.
- NNPFC (Net National Product at Factor Cost): Also known as national income, it is NNPMP adjusted for indirect taxes and subsidies. It does not include depreciation.
- None of these: This is not correct because GNPMP includes depreciation.
Correct Answer is Option: 1 - GNPMP.
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