Gce Model Questions Vol1 2020 Economics Question 23
Practice objective / multiple choice question 23 from the 2020 Gce Model Questions Vol1 Economics examination.
Using the data below, compute (a) GDP at market prices, (b) GDP at factor cost, (c) Gross National Income (GNI), and (d) Net National Product (NNP). - Consumption \(C = £500\) bn - Investment \(I = £150\) bn - Government spending \(G = £300\) bn - Exports \(X = £200\) bn - Imports \(M = £250\) bn - Indirect taxes \(T = £80\) bn - Subsidies \(S = £20\) bn - Depreciation \(D = £70\) bn - Factor income earned by residents from abroad \(F_{in} = £30\) bn - Factor income paid to non‑residents \(F_{out} = £45\) bn
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 23. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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