Net national product (NNP)

What is Net national product (NNP)?

Net national product (NNP) meaning The market value of goods and services produced by labor and property supplied by U.S. residents, less the value of the fixed capital used up in production; equal to gross national product (GNP) less consumption of fixed capital (CFC).

 

reference: BEA Bureau of Economic Analysis. US Department of Commerce

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