Which of the following is correct for Net National Product?

🔑Key Points:
Net national product or NNP is the market value of all the finished goods and services that are produced by citizens of a nation, living domestically and internationally during a year.
It is also referred to as the value that is obtained by subtracting depreciation from the gross national product (GNP).

• The net national product can be calculated by the following formula:
NNP = GNP – Depreciation
NNP = GDP + income from abroad – Depreciation
NNP is one of the important metrics for determining the actual growth of a nation.

🔴Additional Information:
Gross Domestic Product (GDP) is the total money value of final goods and services produced in the economic territories of a country in a given year.
It can be defined as Gross Value Added (GVA) at basic prices + Product taxes – Product subsidies.