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Subjects
Class 12EconomicsNational Income and Related AggregatesAggregates related to national income - NNPMediumLevel 27
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If GNPMP is ₹2100 crore and depreciation is ₹260 crore, what will be NNPMP?

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Answer and explanation

Correct answer: ₹1840 crore

To convert Gross National Product at Market Price into Net National Product at Market Price, depreciation must be deducted: NNPMP = GNPMP − depreciation = ₹2100 crore − ₹260 crore = ₹1840 crore. The market-price basis remains unchanged; only the gross-to-net adjustment is made.

Related tags

EconomicsGnpNnpDepreciationMarket PriceNumericalAggregates Related To National Income NnpNational Income And Related Aggregates

Frequently asked questions

What is the correct answer to this question?

₹1840 crore

Why is this the correct answer?

To convert Gross National Product at Market Price into Net National Product at Market Price, depreciation must be deducted: NNPMP = GNPMP − depreciation = ₹2100 crore − ₹260 crore = ₹1840 crore. The market-price basis remains unchanged; only the gross-to-net adjustment is made.

Which subject and chapter does this question cover?

This is a Class 12 Economics question. Chapter: National Income and Related Aggregates. Topic: Aggregates related to national income - NNP.

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10 more MCQs
  1. 1Why is gross domestic product called domestic in macroeconomics?
  2. 2What is obtained by subtracting depreciation from gross national product?
  3. 3What is obtained by deducting depreciation from gross national product?
  4. 4What is obtained from gross national product after deducting depreciation?
  5. 5Which option gives the correct relation between gross and net national product?
  6. 6If GNP is 700 and NNP is 630, what will depreciation be?
  7. 7If GNP is 1200, depreciation is 150, and net factor income from abroad is 50, what will NNP be?
  8. 8What adjustment is necessary when converting gross national product into net national product?
  9. 9National income is generally expressed as which aggregate?
  10. 10Which adjustments are generally needed to reach national income (NNP at factor cost) from GNP at market price?
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