Economic Awareness - Sectors of Indian Economy
If a country’s GDP is Rs. 200 lakh crore, net income from abroad is Rs. 15 lakh crore, and depreciation is Rs. 20 lakh crore, what is the value of Net National Product (NNP)?
If a country’s GDP is Rs. 200 lakh crore, net income from abroad is Rs. 15 lakh crore, and depreciation is Rs. 20 lakh crore, what is the value of Net National Product (NNP)?
medium Q4 of 15
Step-by-Step Solution
Step 1: Calculate GNP
GNP = GDP + net income from abroad = 200 + 15 = Rs. 215 lakh crore.Step 2: Calculate NNP
NNP = GNP - depreciation = 215 - 20 = Rs. 195 lakh crore.Final Answer:
Rs. 195 lakh crore → Option AQuick Check:
NNP = GNP - depreciation = 195 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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