If we deduct depreciation from GNP the measure of aggregate income that we obtain is called __________.

Correct option is C

Net national product (NNP) is gross national product (GNP), the total value of finished goods and services produced by a country's citizens overseas and domestically, minus depreciation.
 Gross Domestic Product (GDP) at market prices is a measure of the total value of goods and services produced within a country's borders during a specific period (usually a year).
 GDP is the total consumer spending (C) plus business investment (I) and government spending (G), plus net exports, which is total exports minus total imports (X – M).
 Personal income includes compensation from a number of sources, including, wages, salaries, and bonuses received from employment or self-employment, dividends and distributions received from investments, rental receipts from real estate investments, and profit sharing from businesses.