Post Utme Nile University 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A country has a GDP of ₦10 trillion and a GNP of ₦11 trillion. U\sing the concept of national income accounting, explain why the GNP may be higher than the GDP.

Answer Options

Correct Answer A. The GNP may be higher than the GDP because the GNP includes net factor income from abroad.
B. The GNP may be higher than the GDP because the GNP includes net transfers from abroad.
C. The GNP may be higher than the GDP because the GNP includes net investment income from abroad.
D. The GNP may be higher than the GDP because the GNP includes net income from abroad.
Correct Answer
A
Correct Option:
The GNP may be higher than the GDP because the GNP includes net factor income from abroad.

About This Question

This is Post Utme Nile University 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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