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Which one includes depreciation?
GNP at Market Price
NNP at Market Price
NNP at Factor Cost
None of these
- GNP at Market Price:
- Gross National Product (GNP) at market price includes the total market value of all finished goods and services produced by a country's residents in a specific time period.
- Includes depreciation, which is why your original choice was correct.
- NNP at Market Price:
- Net National Product (NNP) at market price is derived from GNP by subtracting depreciation.
- It represents the total market value minus the loss of value from wear and tear on capital goods.
- NNP at Factor Cost:
- This adjusts NNP at market price by subtracting indirect taxes and adding subsidies.
- Depreciation is already excluded at the NNP level.
- None of these:
- This option is not applicable as GNP at Market Price does include depreciation.
By: santosh ProfileResourcesReport error
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