Gce Model Questions Vol1 2019 Economics Question 39
Practice objective / multiple choice question 39 from the 2019 Gce Model Questions Vol1 Economics examination.
The following aggregate income data (in billions of dollars) are for a given year: wages \(=200\), rent \(=50\), interest \(=30\), profits \(=120\), indirect taxes \(=80\), subsidies \(=20\), depreciation \(=40\), and net factor income from abroad \(=15\). Using the income approach, calculate (a) GDP at market prices, (b) Net Domestic Product (NDP), (c) Gross National Product (GNP), and (d) Net National Product (NNP).
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About This Question
This is Gce Model Questions Vol1 2019 Economics Question 39. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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