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net national product

   Also found in: Acronyms, Wikipedia 0.02 sec.
net national product
n
(Economics) gross national product minus an allowance for the depreciation of capital goods Abbreviation NNP


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The irony is that in Taxmansbip: Principles and Proposals for the Reform of Taxation, a monograph the IEA published in 1964, Colin Clark argued that taxes levied above 25 percent of net national product at factor cost were a source of price inflation, whereas Smith, writing in 2006 and citing the work of Vito Tanzi and Ludger Schuknecht, suggests that the optimum tax and spending burdens are 30-35 percent of GDP (p.
The measure of depreciation is the capital consumption allowance that is subtracted from Gross National Product to get Net National Product.
8 percent of net national product thus far in the 1990s?
 
 
 
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