What is the formula of net national product?
Net National Product Formula The market value of all finished goods + the market value of all finished services – the depreciation of those goods and services = net national product. The gross national product – depreciation = net national product.
What is net national product?
Net national product (NNP) is the monetary value of finished goods and services produced by a country’s citizens, overseas and domestically, in a given period.
What is net national product with example?
Net national product is defined as the total value of the goods and services that a country produces during a period of time, minus the depreciation cost of producing those goods and services. An example of net national product is a country’s profit from exporting rice to other countries.
How is net national product calculated quizlet?
How do you calculate Net National Product (NNP) from GNP? NNP = GNP – Depreciation (of capital: factories, equipment, etc.)
How do you calculate national product at market price?
How to Calculate the Gross National Product?
- C – Consumption Expenditure.
- I – Investment.
- G – Government Expenditure.
- X – Net Exports (Value of imports minus value of exports)
- Z – Net Income (Net income inflow from abroad minus net income outflow to foreign countries)
What is the full form of NDP?
Net domestic product at market prices, abbreviated as NDP, is gross domestic product (GDP) minus the consumption of fixed capital (CFC).