Post Utme Al Hikmah University 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP at market price is ₦1000 billion. If the government's subsidies amount to ₦50 billion and the depreciation of capital is ₦20 billion, what is the country's GDP at factor \cost?

Answer Options

A. ₦1030 billion
B. ₦1050 billion
Correct Answer C. ₦1070 billion
D. ₦1090 billion
Correct Answer
C
Correct Option:
₦1070 billion

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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