Refer to the information provided in Table 6.8 below to answer the questions that follow.
Table 6.8
-Refer to Table 6.8. The value for NNP in billions of dollars is
A) 970.
B) 1,030.
C) 1,060.
D) 1,200.

Question

Refer to the information provided in Table 6.8 below to answer the questions that follow.
Table 6.8 
-Refer to Table 6.8. The value for NNP in billions of dollars is
A) 970. 
B) 1,030. 
C) 1,060. 
D) 1,200.

Quizplus · Accepted Answer

NNP (Net National Product) is calculated by subtracting depreciation (also known as capital consumption allowance) from GNP (Gross National Product). If the GNP is given and the depreciation is known, subtracting depreciation from GNP gives the NNP. Without the specific values from Table 6.8, this is the general method to calculate NNP.

Refer to the Information Provided in Table 6