Post Utme Afe Babalola University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is the sum of the value of all final goods and services produced within its borders. If a country's GDP is ₦100 billion, and its GNP is ₦120 billion, what is the value of the net factor income from abroad?

Answer Options

A. ₦20 billion
B. ₦30 billion
Correct Answer C. ₦40 billion
D. ₦50 billion
Correct Answer
C
Correct Option:
₦40 billion

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

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