Civil Services APPSC Group I Services Prelims Mock Test Series 2025 General Knowledge Economy National Income Accounting
Which of the following statement/s is/are incorrect about Net National Product (NNP)?
(a) It shows the net production of goods and services produced in a given financial year adjusted for net factor income from abroad.
(b) It includes exports, and imports but does not factor in income from abroad.
(c) It is called 'net' because it deducts capital depreciation from total National Income.
1
(c)
2
(a)
3
(b)
4
(a) and (c)