what is the impact of government purchases on NNP ?Taxes?

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Expert Solution

NNP is often examined on an annual basis as a way to measure a nation’s success in continuing minimum production standards. The NNP is expressed in the currency .

the nation it represents. In the United States, the NNP is expressed as in dollars; for EU member nations, the NNP is expressed in euros .

Physical capital can include real estate, machinery or any other tangible resource used in the production of goods and services aside from the human element. Human capital covers the skills, knowledge and abilities of a workforce to produce goods and services as well as the necessary training or education that may be required to maintain production standards.

The NNP has particular usefulness for the field of environmental economics. The NNP is a model associated with the depletion of natural resources, and it may be used to determine whether certain activities are sustainable within a particular environment .

Rahul Sunny answered 2 years ago

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