Gce Model Questions Vol1 2019 Economics Question 31
Practice objective / multiple choice question 31 from the 2019 Gce Model Questions Vol1 Economics examination.
Given the following macroeconomic data (in billions of pounds): Consumption \(C = 500\), Investment \(I = 150\), Government spending \(G = 200\), Exports \(X = 120\), Imports \(M = 80\), Indirect taxes \(T = 60\), Subsidies \(S = 20\), Depreciation \(D = 50\), and Net factor income from abroad \(NFI = -30\). Calculate Net National Income at factor cost.
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About This Question
This is Gce Model Questions Vol1 2019 Economics Question 31. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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