In the period 1870-1913, Britain devoted 3 . 1 percent of its net national product to defense expenditures and France devoted 4 . 0 percent.
12.
Paul Samuelson, writing within a Keynesian framework, wrote of mercantilism, " With employment less than full and Net National Product suboptimal, all the debunked mercantilist arguments turn out to be valid ."
13.
Furthermore, the net national product has featured prominently as a measure in environmental economics such as within models accounting for the depletion of natural and environmental resources or as an indicator of sustainability.
14.
Figures from Milton Friedman and Anna Schwartz show net national product increased 3 percent per year from 1869 to 1879 and real national product grew at 6.8 percent per year during that time frame.
15.
The income side of the report is derived from BEA NIPA Tables 1.7 . 5 ( Relation of gross domestic product, gross national product, net national product, national income, and personal income ) and 1.12 ( National income by type of income ).
16.
Nonetheless, the net national product has been the subject of research on its role as a dynamic welfare indicator as well as a means of reconciling forward and backward views on capital wherein NNP ( " t " ) corresponds to the interest on accumulated capital.
17.
Although the net national product is a key identity in national accounting, its use in economics research is generally superseded by the use of the gross domestic or national product as a measure of national income, a preference which has been historically a contentious topic ( see e . g.
