NECO Economics 2022 Objective — Question 32
Question 32 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Gross National Product (GNP) less the provision for the wear and tear of assets is the
- A. net present value
- B. net national productCorrect
- C. net factor income
- D. net indirect taxes
Explanation
Net National Product (NNP) = GNP - Depreciation (the reduction in the value of assets due to wear and tear).
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