Gce Model Questions Vol1 2023 Economics Question 40
Practice objective / multiple choice question 40 from the 2023 Gce Model Questions Vol1 Economics examination.
In a given year a country records the following aggregate data (all in billions of dollars): Consumption \(C = 500\), Investment \(I = 150\), Government spending \(G = 200\), Exports \(X = 80\), Imports \(M = 120\), Net factor income from abroad \(NFIA = -30\) (a net outflow), and depreciation \(D = 50\). Compute (a) Gross Domestic Product (GDP) by the expenditure approach, (b) Gross National Product (GNP), and (c) Net National Product (NNP) at market prices.
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About This Question
This is Gce Model Questions Vol1 2023 Economics Question 40. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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