Post Utme Lasu 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice

Question 34 POST_UTME_LASU • 2018 • ECONOMICS • objective

A country's GDP is $100 billion, and its GNP is $120 billion. What is the country's net factor income from abroad?

A. $ \text{GDP} - \text{GNP} = \text{Net factor income from abroad} $

Correct Answer B. $ \text{GNP} - \text{GDP} = \text{Net factor income from abroad} $

C. $ \text{GDP} + \text{GNP} = \text{Net factor income from abroad} $

D. $ \text{GDP} - \text{GNP} = \text{Net factor income to abroad} $

Correct Answer

Correct Option:

$ \text{GNP} - \text{GDP} = \text{Net factor income from abroad} $

This is Post Utme Lasu 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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