Gce Model Questions Vol1 2024 Economics Question 31
Practice objective / multiple choice question 31 from the 2024 Gce Model Questions Vol1 Economics examination.
The economy has the following components (in £ billions): consumption \(C = 500\), investment \(I = 200\), government spending \(G = 300\), exports \(X = 150\), imports \(M = 180\), indirect taxes \(T_i = 70\), subsidies \(S = 20\), and depreciation \(D = 50\). Gross National Product (GNP) is reported as \(1{,}200\) billion. The population is \(60\) million. Calculate the national income per capita (in £) for this year.
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This is Gce Model Questions Vol1 2024 Economics Question 31. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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