Question
Show the difference between $GNP$ and $NNP$.
| Gross National Product $(GNP)$ | Net National Product $(NNP)$ |
| During a fixed period, the total monetary value of all produced goods and services is called $GNP.$ | $NNP$ can be obtained by deducting depreciation of capital from Gross National Product $(GNP)$. |
| It is easy to find $GNP.$ | It is difficult to find $NNP$ because depreciation of capital factors depends on expected life span of equipments which is difficult to determine exactly. |
| $GNP$ is more than $NNP.$ | $NNP$ is always less than $GNP.$ |
| In practice, $GNP$ figures are used more. | In practice, $NNP$ figures not used much. |
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