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WAEC Economics 2012 Objective — Question 36

Question 36 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.

When depreciation is deducted from Gross National Product, the result is

A. total national income
B. gross domestic product
C. net national productCorrect
D. net domestic product

Explanation

Net National Product = Gross National Product minus depreciation.

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