(4). NNP: Net National Product (NNP) of an economy is the GNP after deducting the loss due to depreciation'. The formula to derive it may be written like : NNP = GNP - Depreciation or, NNP = GDP + Income from Abroad Depreciation. The different uses of the concept of NNP are as given below : (i) This is the' National Income'(NI) of an economy. Gross national product or GNP includes the total market value of finished products and services produced by a country's economy in a given period (usually one year). Depreciation refers to the wear and tear of capital assets and the depreciation of human capital in the case of workforce turnover. Gross national product (GNP) is the total value of all the final goods and services made by a nation's economy in a specific time (usually a year). GNP is different from net national product, which considers depreciation and the consumption of capital. oiVWn.

what is gnp and nnp