Post Utme Rhema University 2023 Economics Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 36 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GNP is given by the equation GNP = GDP + \( X - M \) + \( R - I \). If the country's current GNP is 120 billion, and the values of GDP, X, and M are 100, 20, and 10 billion respectively, what is the value of net factor income from abroad \( R - I \)?

Answer Options

A. 10 billion
B. 20 billion
Correct Answer C. 30 billion
D. 40 billion
Correct Answer
C
Correct Option:
30 billion

About This Question

This is Post Utme Rhema University 2023 Economics Question 36. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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