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Net National Income - Definition and Overview |
| Related Words: Catholic, Chauvinistic, Citizen, Civic, Civil, Common, Communal, Cosmopolitan, Cosmopolite, Ethnic, Family, Federal, Galactic, General |
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The net national product is the total market value of all final goods and services produced by citizens of an economy
during a given period of time, usually a year, after adjusting for the depreciation of capital.
Net national product, abbreviated NNP, has the same relation to net domestic product (NDP) as gross national product (GNP) has to gross domestic product (GDP). Net national product also has the same relation to gross national product that net domestic product has to gross domestic product. Like NDP, NNP is a measure of the net production in the economy.
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