net national product


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Related to net national product: personal income

net national product

n
(Economics) gross national product minus an allowance for the depreciation of capital goods. Abbreviation: NNP
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5: Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income.
There are eight aggregates of income and output: gross domestic product (GDP), gross domestic income (GDI), gross national product (GNP), gross national income (GNI), net domestic product (NDP), net domestic income (NDI), net national product and net national income (NNP).
Measures of net national income and net national product have been produced for various years (see Table 1).
The Blue Book measure of net national product at factor cost is not, in our sense, a measure of income.
While the SNA presently in vogue in Pakistan and other countries takes into consideration the depreciation of physical capital to arrive at Net National Product, it fails to account for the depletion of natural resources.