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Which of following includes depreciation ?
GNPMP
NNPMP
NNPFC
None of these
- GNPMP (Gross National Product at Market Price): Includes total value of goods and services produced by a country's residents, adjusted for depreciation (also known as capital consumption). Your assumption that GNPMP includes depreciation is correct.
- NNPMP (Net National Product at Market Price): Depreciation is deducted from GNP to calculate NNP. This represents the net value after accounting for capital wear and tear.
- NNPFC (Net National Product at Factor Cost): It's NNPMP minus indirect taxes plus subsidies. It reflects the actual earnings of the factors of production.
- None of these: If none of the given options fit the definition.
By: santosh ProfileResourcesReport error
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