Post Utme Abu 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice

Question 21 POST_UTME_ABU • 2017 • COMMERCE • objective

The concept of 'Gross National Product' (GNP) is closely related to the concept of 'National Income'. Discuss the relationship between these two economic indicators.

Correct Answer A. GNP is a broader measure of a nation's economic activity than National Income.

B. National Income is a more comprehensive measure of a nation's economic activity than GNP.

C. GNP and National Income are interchangeable terms.

D. GNP is a measure of a nation's economic activity, while National Income is a measure of a nation's income.

Correct Answer

Correct Option:

GNP is a broader measure of a nation's economic activity than National Income.

This is Post Utme Abu 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

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