Gross National Product
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Net National Product
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(1) It is money value of all final goods and services produced in a country during a year, including gross capital investment made in the country including net income from abroad.
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(1) It is net value of all final goods and services produced in a country during a year including net income from abroad.
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(2) G.N.P. = N.N.P. + Depreciation.
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(2) N.N.P. = G.N.P. - Depreciation.
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(3) It does not give idea about correct value of net national income.
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(3) It gives idea about correct value of national income.
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(4) G.N.P. is more than that of N.N.P.
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(4) N.N.P. will be always lesser than G.N.P.
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Gross National Product and Net National Product.
