Consider the following for a country: GDP = 7500, receipts of factor income from the rest of the world = 200, payments of factor income to the rest of the world = 220, depreciation = 800. The Net National Product (NNP) of the country is ________ (in integer).
IIT JAM 2026 Question 46: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on GDP, GNP, NDP and national income, part of National income accounting in Macroeconomics.
Converting between GDP, GNP, net product and national income, and between market prices and factor cost.
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