Gce Model Questions Vol1 2018 Economics Question 23
Practice objective / multiple choice question 23 from the 2018 Gce Model Questions Vol1 Economics examination.
The following data (in billions of Naira) are recorded for a country in a given year:\n\nWages = 150, Profits = 80, Rent = 30, Interest = 20, Indirect taxes less subsidies = 40, Depreciation = 25.\nNet factor income from abroad = \(-5\) (a net outflow). The population is 5 million.\n\n(a) Compute GDP at market prices.\n(b) Compute GNP.\n(c) Compute GNP per capita, giving the answer in Naira to the nearest whole number.
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About This Question
This is Gce Model Questions Vol1 2018 Economics Question 23. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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