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Zorluk: ZorBasic National Income Aggregates (GDP, GNP, NNP, NDP)

An economy recorded a Gross Domestic Product (GDP\text{GDP}) of N3,500 million\text{N}3,500\text{ million} and a Capital Consumption Allowance of N250 million\text{N}250\text{ million} in a given year. During the same period, factor income earned by citizens residing abroad was N180 million\text{N}180\text{ million}, while factor income earned by foreign residents within the country was N240 million\text{N}240\text{ million}. What is the Net National Product (NNP\text{NNP}) of this economy?

  1. N3,190 million\text{N}3,190\text{ million}Cevap
  2. B
    N3,310 million\text{N}3,310\text{ million}
  3. C
    N3,440 million\text{N}3,440\text{ million}
  4. D
    N3,250 million\text{N}3,250\text{ million}

Cevap

The Net National Product (NNP) of the economy is N3,190 million\text{N}3,190\text{ million}.
Net National Product (NNP) is obtained by taking Gross Domestic Product (GDP\text{GDP}), adjusting for Net Factor Income from Abroad (NFIA\text{NFIA}), and subtracting Capital Consumption Allowance (depreciation). Here, NFIA=N180m−N240m=−N60m\text{NFIA} = \text{N}180\text{m} - \text{N}240\text{m} = -\text{N}60\text{m}. Thus, GNP=N3,500m+(−N60m)=N3,440m\text{GNP} = \text{N}3,500\text{m} + (-\text{N}60\text{m}) = \text{N}3,440\text{m}. Subtracting depreciation of N250m\text{N}250\text{m} yields an NNP\text{NNP} of N3,190 million\text{N}3,190\text{ million}.

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1
Calculate Net Factor Income from Abroad (NFIA)
NFIA=Factor Income from Abroad−Factor Income Paid to Abroad=180−240=−N60 million\text{NFIA} = \text{Factor Income from Abroad} - \text{Factor Income Paid to Abroad} = 180 - 240 = -\text{N}60\text{ million}
NFIA represents the net difference between inflow of factor payments from abroad and outflow of factor payments to foreigners.
2
Calculate Gross National Product (GNP)
GNP=GDP+NFIA=3,500+(−60)=N3,440 million\text{GNP} = \text{GDP} + \text{NFIA} = 3,500 + (-60) = \text{N}3,440\text{ million}
GNP measures total output produced by a nation's residents, combining GDP with net external income.
3
Calculate Net National Product (NNP)
NNP=GNP−Capital Consumption Allowance=3,440−250=N3,190 million\text{NNP} = \text{GNP} - \text{Capital Consumption Allowance} = 3,440 - 250 = \text{N}3,190\text{ million}
NNP reflects the net aggregate income available after accounting for capital depreciation.

Anahtar Kavram

Derivation of Net National Product (NNP) from GDP, Net Factor Income from Abroad (NFIA), and Depreciation
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Konular

Basic National Income Aggregates (GDP, GNP, NNP, NDP)

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