Post Utme Ims U 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A country's GDP is ₦1,500 billion, and its GNP is ₦1,600 billion. Calculate the net factor income from abroad (NFIA) and the net foreign investment (NFI).

Answer Options

Correct Answer A. \( NFIA = GNP - GDP = 1,600 - 1,500 = 100 \)
B. \( NFIA = GNP - GDP = 1,500 - 1,600 = -100 \)
C. \( NFI = NFIA + \( GDP - GNP \ \) = 100 + \( 1,500 - 1,600 \) = -100 )
D. \( NFI = NFIA + \( GDP - GNP \ \) = 100 + \( 1,600 - 1,500 \) = 100 )
Correct Answer
A
Correct Option:
\( NFIA = GNP - GDP = 1,600 - 1,500 = 100 \)

About This Question

This is Post Utme Ims U 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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