Define Net National Product

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Define Net National Product. Its the monetary value of all of the goods and services produced by a countrys citizens over a select period of time. Net national product The gross national product of a country minus the value of coal andor crude petroleum extracted and timber logged.

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Net national product NNP is the market value of a nations goods and services minus depreciation often referred to as capital consumption. Net National Income is Gross National Income or Gross National Product less depreciation. Net national product The gross national product of a country minus the value of coal andor crude petroleum extracted and timber logged.

The net national product It is the total market value of all services and final products manufactured by a nations factors of production subtracting depreciation during a given period of time.

Term net national product Definition. Net national product The gross national product of a country minus the value of coal andor crude petroleum extracted and timber logged. A less complicated way to think about the net national product is to consider it a net national income. Net national product the GROSS NATIONAL PRODUCT less CAPITAL CONSUMPTION or depreciation.