Net national product?

Business & Management
#1

The monetary worth of completed products and services generated by a country’s population, both domestically and internationally, in a particular period is known as the net national product. NNP is frequently assessed on an annual basis as a tool to assess a country’s ability to maintain minimal production levels.
​NNP=GNP−Depreciation​
In the realm of environmental economics, NNP is very beneficial. NNP is a model for predicting natural resource depletion that may be used to assess whether or not certain activities are sustainable in a given ecosystem.

#2

Net national product (NNP) refers to gross national product (GNP), i.e. the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation.

  • Residents refer to the people and corporations that normally reside in a country for more than 1 year, and work there.

  • For example, a British national working in Canada for 2 years, is a Resident of Canada and not of Britain.