Gce Model Questions Vol1 2024 Economics Question 4
Practice objective / multiple choice question 4 from the 2024 Gce Model Questions Vol1 Economics examination.
In a given year a country reports the following macro‑economic aggregates (all values in billions of naira):\ - Gross Domestic Product at market prices: 850\ - Indirect taxes less subsidies: 120\ - Net factor income from abroad: -30 (net outflow)\ - Consumption of fixed capital (depreciation): 70\ - Transfer payments received from abroad: 15\ Using the appropriate national‑income identities, calculate (a) Gross National Income at market prices and (b) Net National Income at factor cost.
Answer Options
About This Question
This is Gce Model Questions Vol1 2024 Economics Question 4. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.