W
Net National Product
A and C Net national product/ depreciation net national product/ capital consumption
A country's national income is simply: Amount of economic activity happening - production of real goods & wages. There are several ways to measure this (Net output method, Net Product method, Value Addition etc.) Factors affecting the national income are Labor, Capital, Land and Entrepreneurship. In essence, this means NI = Wages + Interest + Rent + Profit Note that NI is basically the GDP of the country subtracted the amount of capital consumed in producing that GDP, added/subtracted by foreign income flow and govt. subsidies.
Net National product
GNP --- Total amount of goods and services produced by a country's firms no matter where they are in the world.NNP --- GNP - Depreciation (the wearing out of a nation's capital stock)
Net National Product
A and C Net national product/ depreciation net national product/ capital consumption
A and C Net national product/ depreciation net national product/ capital consumption
A positive return on capital is a profit. When the sales of a product are greater than the cost of producing the product, the company will make a profit.
A and C Net national product/ depreciation net national product/ capital consumption
A country's national income is simply: Amount of economic activity happening - production of real goods & wages. There are several ways to measure this (Net output method, Net Product method, Value Addition etc.) Factors affecting the national income are Labor, Capital, Land and Entrepreneurship. In essence, this means NI = Wages + Interest + Rent + Profit Note that NI is basically the GDP of the country subtracted the amount of capital consumed in producing that GDP, added/subtracted by foreign income flow and govt. subsidies.
Net National product
GNP --- Total amount of goods and services produced by a country's firms no matter where they are in the world.NNP --- GNP - Depreciation (the wearing out of a nation's capital stock)
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.
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Antarctica is not a product-producing continent.