The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is
A.
$40m
B.
$60m
C.
$30m
D.
$500m
Correct answer is B
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
