Gross National Product (GNP) less depreciation is known as

The correct answer is Net National Income (NNI). It is a measure of a country's income that takes into account the depreciation of capital. GNP is the total value of all goods and services produced by a country's residents, regardless of their location, in a given period of time, usually a year. Depreciation is the decrease in the value of capital goods over time, so NNI is calculated by subtracting depreciation from GNP. NNI represents the actual income earned by a country's residents and is a better indicator of a country's economic well-being than GNP or GDP.