Post Utme Lead City University 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

Correct Answer A. \( \text{Net factor income from abroad} = \text{GNP} - \text{GDP} = 120 - 100 = 20 \)
B. \( \text{Net factor income from abroad} = \text{GDP} - \text{GNP} = 100 - 120 = -20 \)
C. \( \text{Net factor income from abroad} = \text{GDP} + \text{GNP} = 100 + 120 = 220 \)
D. \( \text{Net factor income from abroad} = \text{GNP} + \text{GDP} = 120 + 100 = 220 \)
Correct Answer
A
Correct Option:
\( \text{Net factor income from abroad} = \text{GNP} - \text{GDP} = 120 - 100 = 20 \)

About This Question

This is Post Utme Lead City University 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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