The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is
- $40m
-
$60m
- $30m
- $500m
The correct answer is: B
Explanation
GNP = NNP + Depreciation Allowance
In this case, the NNP is $50m and the depreciation allowance is $10m. Therefore, the GNP is:
GNP = $50m + $10m = $60m