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JAMB Economics 2012 Objective — Question 27

Question 27 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.

Net National Product is derived by

A. deducting net exports from GNP
B. deducting subsidies from GDP
C. deducting taxes from GDP
D. deducting depreciation from GNPCorrect

Explanation

Net National Product = GNP − depreciation.

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