Gce Model Questions Vol1 2023 Economics Question 22
Practice objective / multiple choice question 22 from the 2023 Gce Model Questions Vol1 Economics examination.
The economy's Gross Domestic Product (GDP) at market price is ₦1 200 billion. The following factor incomes are recorded:\n- Compensation of employees: ₦500 billion\n- Rent: ₦80 billion\n- Interest: ₦70 billion\n- Indirect taxes: ₦150 billion\n- Subsidies: ₦30 billion\n- Depreciation (capital consumption): ₦100 billion\nUsing the income approach, determine the net operating surplus (profit) included in GDP. Give your answer in billion Naira.
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About This Question
This is Gce Model Questions Vol1 2023 Economics Question 22. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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