Waec Model Questions Vol1 2025 Economics Question 2
Practice objective / multiple choice question 2 from the 2025 Waec Model Questions Vol1 Economics examination.
In an economy, the following data are given (all values in billions of Naira): GDP at market price = 2,800; indirect taxes = 350; subsidies = 70; depreciation = 250; compensation of employees = 1,300; gross operating surplus = 900; mixed income = 300. Using the production and income approaches, determine the net factor income from abroad (NFIA).
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This is Waec Model Questions Vol1 2025 Economics Question 2. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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