Depreciation, also known as Consumption of Fixed Capital, represents the wear and tear on capital goods used in the production process. To derive 'Net' product from 'Gross' product, depreciation is deducted.
The Net National Product at Market Price (N.N.P. MP) is –
Asked in RPSC RAS Prelims 2021 · Topic: National Income & Gross Domestic Product (Net Domestic Product (NDP) and Net National Product (NNP))
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Answer: C. Gross National Product at Market Price – De‐ preciation
More Economic Development questions
- Which of the following statement is correct ?
- Which one of the following relations is correct for net domestic product?
- GDP(at market price) – NIT = ?
- Depreciation is also called
- difference between the national income at factor cost and national income at market prices arises from 1) indirect taxes and subsidies 2) direct taxes and subsidies 3) indirect taxes and direct taxes 4) only indirect taxes
- Which of the following is equal to the National Income ?
- Read the following statements : (i) National income is the monetary value of all final goods and services produced. (ii) Depreciation is deducted from GNP to get NNP. Which of these statements is/are correct ?
- Due to which of the following factor Gross National Product is always greater than Net National Product?