Gross National Product (GNP) less the provision for the wear and tear of assets is the
Answer Details
The Gross National Product (GNP) less the provision for the wear and tear of assets is the Net National Product (NNP).
The NNP represents the total value of all goods and services produced by a country's citizens, including their production within the country and abroad, minus the depreciation or wear and tear of assets used in production.
In other words, NNP measures the net value of a country's economic output, taking into account the reduction in value of capital assets over time due to use or obsolescence. It is a more accurate measure of a country's economic well-being than GNP, which does not account for the depreciation of assets.
For example, if a country's GNP is $1 trillion and the wear and tear of its assets is $200 billion, then the NNP would be $800 billion ($1 trillion - $200 billion).