Is GDP equal to NNP - depreciation?

No, GDP (Gross Domestic Product) is not equal to NNP (Net National Product) minus depreciation. Instead, NNP is calculated by subtracting depreciation from GDP. In other Words, NNP = GDP - depreciation, where depreciation accounts for the wear and tear on capital goods. Therefore, GDP represents the total value of all goods and services produced, while NNP provides a measure of the net value after accounting for capital consumption.