Net National Product (NNP) at factor cost is?

Net National Income

The National Income (NI) of the economy is known as NNP. Although the NDP, GDP, and GNP are all forms of
ational income, the letters N and I are not capitalized. This is a country’s most pure type of income. The per capita income (PCI) of a country is calculated by dividing NNP by its entire population.

The market worth of all the finished goods and services generated by a country’s residents over the course of a year is known as the net national product or NNP. The value that is obtained by deducting depreciation from the gross national product is known as the net national product (GNP).

In other words, net national product takes into account both domestically produced goods as well as imports of goods from other countries. The net national product takes into account all the goods, products, and services that are manufactured by the nation’s citizens, regardless of where they are located.

One of the key measures for assessing a country’s actual growth is NNP. It gauges how much the nation can consume in a certain amount of time.

Summary:

Net National Product (NNP) at factor cost is? (A) Equal to national income (B) Always more than GNP (C) More than national income (D) Less than National income

National income is equivalent to Net National Product (NNP) at factor cost. An economy’s Net National Product (NNP) is its GNP after subtracting depreciation losses. Every nation uses different policies to have a healthy economy.