Net National Product (NNP) Net national product or NNP is the total value of all goods and services that are produced in a country during a given period of time minus the depreciation. It is represented as follows: NNP = GNP β Depreciation. Methods of National Income Accounting. There are three methods of measuring national income. They areNet Foreign Factor Income (NFFI): The net foreign factor income (NFFI) is the difference between a nationβs gross national product (GNP) and gross domestic product (GDP). Net foreign factor
NDP stands for Net Domestic Product, whereas, NNP stands for Net National Product. NDP is an annual measure of the economic output of a nation that is adjusted to account for depreciation.
Expert Answer. Gross Domestic Product or GDP is the market value of all the final goods and services that are produced within the domestic boundaries of a country in a specific time period (a month, a quarter, a year or so on). It depicts the economic wellbeing of β¦. View the full answer. Previous question Next question.
Net National Product at Market Price (NNP-MP) The value of a country's people's contribution to economic output, minus depreciation but including net indirect taxes, is known as NNP at market price. The value obtained by removing depreciation from the gross national product (GNP) is known as net national product at market price.
NNP fc = GDP mp β depreciation + NFIA β Net indirect tax. Following is the difference between Personal income and Personal Disposable Income (PDI).
uomW.