Gross National Product [GNP] is the gross value of all the final products without deducting the depreciation of fixed capital. It is the total of market value of final goods and services produced in a years.
Net National Product [NNP] is the value of net output in an economy during a period of one year. The net national product is calculated by deducting depreciation from the gross national product.
NNP = GNP - Depreciation
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
GNP: Former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr). NNP:is not a word.
No difference. Both are the same.
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
The actual one is the one that the government uses and the real gnp is the one that is well the real one just not the one the government goes by.
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
3.5 millom
NNP=GNP-depreciation
GNP: Former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr). NNP:is not a word.
No difference. Both are the same.
No difference. Both are the same.
it is the same
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
The actual one is the one that the government uses and the real gnp is the one that is well the real one just not the one the government goes by.
Net national product (NNP) is the total market value of all final goods and services produced by residents in a country or other policy during a given period (gross national product or GNP) minus depreciation. Depreciation (also known as consumption of fixed capital) measures the amount of GNP that must be spent on new capital goods to maintain the existing physical capital stock. NNP is the amount of goods in a given year which can be consumed without reducing future consumption. Setting part of NNP aside for investment permits capital stock growth (see economic growth and capital formation), and greater future consumption.
whatever product is produced and sales in our country that is called GDP,selling tothe othe country that is called GNP
i have a homework about turkey's gnp between 1923 to 2013