GCE Economics 2023 Objective — Question 34
Question 34 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The Net National Product (NNP) of a country is $50m while the depreciation allowance is $10m. The Gross National Product (GNP) is A. $30m B. $40m C. $60m D. $500m
- A. $30m
- B. $40m
- C. $60mCorrect
- D. $500m
Explanation
NNP = GNP - Depreciation, so GNP = NNP + Depreciation = $50m + $10m = $60m.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.