Post Utme Bowen University 2020 Economics Question 6
Practice objective / multiple choice question 6 from the 2020 Post Utme Bowen University Economics examination.
Consider a closed economy with a GDP of ₦1,500,000 and a GNP of ₦1,600,000. If the net factor income from abroad is ₦50,000, calculate the value of the net factor income from abroad as a percentage of the GNP.
Answer Options
About This Question
This is Post Utme Bowen University 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.