Overview

net national product


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(NNP)

The gross national product less capital consumption (i.e. depreciation) during the period. NNP is therefore equal to the national income, i.e. the amount of money available in the economy for expenditure on goods and services. However, NNP cannot be considered a very accurate measure, as it is difficult to calculate depreciation reliably.

Subjects: Financial Institutions and Services.


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