GCE Economics 2024 Objective — Question 33
Question 33 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.
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The value of Net National Product is
- A. A. $100 m
- B. B. $275m
- C. C. $3300mCorrect
- D. D. $500m
Explanation
The net national Product (NNP) is the difference between the Gross National Product (GNP) and Depreciation i.e NNP = GNP − Depreciation = $400m − $100m = $300m.
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