Net national product is obtained from gross national product by subtracting:
Correct answer: C. Capital depreciation
- A. Net exports
- B. Personal taxes
- C. Capital depreciation
- D. Government transfers
Explanation
Net national product measures national output after allowing for the wearing out of capital goods. Net exports, personal taxes and transfers are not the deduction used in this calculation.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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