When the ‘trans-boundary economic activities’ of an economy and depreciation are included into account, the aggregate measure is known as ____________.

Correct option is B

The correct answer is (b) NNP.
· NNP (Net National Product) measures the total economic output of a country, including trans-boundary economic activities, and subtracts depreciation (the loss in value of capital goods over time).
· Thus, NNP is calculated as GNP minus depreciation.
· Net National Product (NNP) = Gross National Product − Depreciation.
· GNP (Gross National Product): Measures the total economic output of a country, including earnings from foreign investments, but does not account for depreciation.
· PCI (Per Capita Income): Measures the average income earned per person in a given area in a specified year.
· It is calculated by dividing the national income by the population.
· GDP (Gross Domestic Product): Measures the total value of all goods and services produced within a country's borders in a given time period, but it does not account for depreciation or include income from abroad.