Post Utme Osustech 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

Consider a closed economy with a GDP of ₦10 trillion and a GNP of ₦12 trillion. If the net factor income from abroad is ₦1.5 trillion, what is the value of the net factor income from abroad as a percentage of the GNP?

Answer Options

A. 5%
Correct Answer B. 6%
C. 7%
D. 8%
Correct Answer
B
Correct Option:
6%

About This Question

This is Post Utme Osustech 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support