Gce Model Questions Vol1 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2020 Economics Objective / Multiple Choice Medium Difficulty
Question 19 GCE_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • objective

Using the income approach, calculate the Gross Domestic Product (GDP) at market prices for an economy with the following annual (in billions) data: wages £300, rent £50, interest £40, profits £110, indirect taxes £70, subsidies £20, depreciation £60, and net factor income from abroad £‑15.

Answer Options

Correct Answer A. 610
B. 630
C. 580
D. 650
Correct Answer
A
Correct Option:
610

About This Question

This is Gce Model Questions Vol1 2020 Economics Question 19. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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