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Q18. If depreciation equals $36 billion, GNP equals $240 billion, and national income is $225 billion, then what is the Net National Product? $276 billion

Q18. If depreciation equals $36 billion, GNP equals $240 billion, and national income is $225 billion, then what is the Net National Product?

$276 billion

$361 billion

$204 billion

Q19. You have just read an explanation of the figures you studying as the total dollar value of final goods and services produced within a country in one year after adjustment for inflation. What is this statement describing?

Nominal GNP.

Nominal GDP.

Real GDP.

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