Economic Awareness - Sectors of Indian Economy
If a country’s GDP is Rs. 100 lakh crore, net income earned from abroad is Rs. 5 lakh crore, and depreciation is Rs. 10 lakh crore, what is the Net National Product (NNP)?
If a country’s GDP is Rs. 100 lakh crore, net income earned from abroad is Rs. 5 lakh crore, and depreciation is Rs. 10 lakh crore, what is the Net National Product (NNP)?
medium Q14 of 15
Step-by-Step Solution
Step 1: Calculate GNP
GNP = GDP + net income from abroad = 100 + 5 = Rs. 105 lakh crore.Step 2: Calculate NNP
NNP = GNP - depreciation = 105 - 10 = Rs. 95 lakh crore.Final Answer:
Rs. 95 lakh crore → Option CQuick Check:
NNP = (GDP + net abroad) - dep = 95 lakh crore ✅
Quick Trick: NNP = (GDP + net income abroad) - depreciation.
Common Mistakes:
- Subtracting depreciation from GDP instead of GNP or ignoring net income from abroad.
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