Post Utme Unilag 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

Consider a closed economy with a GDP of ₦100 billion, a GNP of ₦120 billion, and a net factor income from abroad of ₦20 billion. What is the value of the country's net domestic product (NDP)?

Answer Options

Correct Answer A. ₦80 billion
B. ₦100 billion
C. ₦120 billion
D. ₦140 billion
Correct Answer
A
Correct Option:
₦80 billion

About This Question

This is Post Utme Unilag 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Unilag 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