Net National Product

Net National Product. This indicator is available in different measures. The formula for NNP is.

The gross national income previously known as gross national product is the total domestic and foreign output claimed by residents of a country consisting of Gross Domestic Product plus factor incomes earned by foreign residents minus income earned in the domestic economy by nonresidents. Calculating Net National Product NNP. See NATIONAL INCOME ACCOUNTS.

Net national product definition is - the net value of the goods and services produced in a nation during a specific period as a year computed by subtracting from the gross national product charges for depreciation of capital assets.

It indicates the net output available for the consumption by society where society includes consumers producers and government. The gross national income previously known as gross national product is the total domestic and foreign output claimed by residents of a country consisting of Gross Domestic Product plus factor incomes earned by foreign residents minus income earned in the domestic economy by nonresidents. GNP GDP Net Income Inflow from Overseas Net Income Outflow to Foreign Countries. NNP is the actual measure of the national income.