Consider the following statements:
1. The measurements of Gross Domestic Product (GDP) and Gross National Product (GNP) differ by net factor income from abroad.
2. Net National Product is calculated by deducting depreciation from the Gross National Product.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2
5
Question Not Attempted