Gross National Product – Depreciation Allowance =
Net National Product
Gross National Product – Depreciation Allowance = Net National Product
Net National Product indicated the net output available for the consumption by the nation. NNP is the exact measure of the national income. If NNP is divided by the population of the country, Similar to NDP, NNP can also calculated at market price as well as the factor cost.
NNP is defined as the market value of output of closing goods and services produced by normal residents of an economy in its national territory during an accounting year, exclusive of depreciation and including of net factor income from outside.