Question

_________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. Group of answer choices GNP; NNP NNP; GNP GDP; NNP NNP; GDP

Answer 1

Answer:

NNP and GNP

Explanation:

NNP ( net national product of a country in a particular year  ) = GNP ( gross national product of the country in a particular year which is the gross domestic product + net income from foreign investment) - depreciation ( physical capital worm out or reduced in value because of aging, over the course of a year. Gross domestic product is calculated by summing the following: total spending by consumers, total investment by business, total spending by government and net export ( export s- imports)