Gce Model Questions Vol1 2021 Economics Question 11
Practice objective / multiple choice question 11 from the 2021 Gce Model Questions Vol1 Economics examination.
The economy records the following components (in billions of naira): consumption \(C = 600\), investment \(I = 200\), government spending \(G = 250\), exports \(X = 150\) and imports \(M = 100\). Indirect taxes net of subsidies amount to 150 bn and depreciation is 80 bn. Gross National Product (GNP) is reported as 1 300 bn. Calculate the net factor income from abroad.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 11. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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