Gce Model Questions Vol1 2025 Economics Question 39

Practice objective / multiple choice question 39 from the 2025 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 39 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

The following income‑approach data (in billions of naira) are for a country: Compensation of employees = 800; Gross operating surplus = 300; Gross mixed income = 150; Indirect taxes = 120; Subsidies = 30; Depreciation = 200; Net factor income from abroad = -20. Compute (a) GDP at market prices and (b) Net National Income at factor cost.

Answer Options

A. GDP = 1380; NNI (factor cost) = 1050
B. GDP = 1340; NNI (factor cost) = 950
C. GDP = 1340; NNI (factor cost) = 1150
Correct Answer D. GDP = 1340; NNI (factor cost) = 1050
Correct Answer
D
Correct Option:
GDP = 1340; NNI (factor cost) = 1050

About This Question

This is Gce Model Questions Vol1 2025 Economics Question 39. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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