Gce Model Questions Vol1 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2017 Economics Objective / Multiple Choice Medium Difficulty
Question 4 GCE_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

The following data (in billions of dollars) are given for an economy: Compensation of employees = 500, Gross operating surplus = 200, Gross mixed income = 150, Indirect taxes = 120, Subsidies = 30, Depreciation (consumption of fixed capital) = 80, Net factor income from abroad = 25. Compute (a) Gross Domestic Product at market prices, (b) Net Domestic Product, (c) Gross National Product, and (d) Net National Income.

Answer Options

A. GDP = £950 bn; NDP = £870 bn; GNP = £895 bn; NNI = £815 bn
B. GDP = £930 bn; NDP = £850 bn; GNP = £875 bn; NNI = £795 bn
C. GDP = £960 bn; NDP = £880 bn; GNP = £905 bn; NNI = £825 bn
Correct Answer D. GDP = £940 bn; NDP = £860 bn; GNP = £885 bn; NNI = £805 bn.
Correct Answer
D
Correct Option:
GDP = £940 bn; NDP = £860 bn; GNP = £885 bn; NNI = £805 bn.

About This Question

This is Gce Model Questions Vol1 2017 Economics Question 4. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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