Post Utme Skyline University 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's national income is calculated as the sum of wages (W), rent (R), interest (I), and profits (P). If the country's national income is ₦15 trillion, and the wages (W) is ₦8 trillion, what is the value of the profits (P) if the rent (R) is ₦2 trillion and the interest (I) is ₦1.5 trillion?

Answer Options

Correct Answer A. ₦2.5 trillion
B. ₦3 trillion
C. ₦3.5 trillion
D. ₦4 trillion
Correct Answer
A
Correct Option:
₦2.5 trillion

About This Question

This is Post Utme Skyline University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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