It is deducted from GNP to get NNP ........

Economics- Phase (I & II) National Income Accounting

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It is deducted from GNP to get NNP:

Indirect taxes

Depreciation

Direct taxes

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Explanation:

NNP is the net value of GNP after the depreciation of plant and machinery is deducted. NNP at market price is calculated by deducting indirect taxes and subsidies from NNP at factor cost. NNP at factor cost is the value of the NNP when the value of goods and services are taken at the production point.