Neco 2017 Economics Question 11
Practice objective / multiple choice question 11 from the 2017 Neco Economics examination.
Given the following macroeconomic data for Country Z (in billions of naira): Consumption \(C = 2500\), Investment \(I = 1200\), Government expenditure \(G = 1800\), Exports \(X = 900\), Imports \(M = 1100\), Indirect taxes \(T = 300\), Subsidies \(S = 50\), Depreciation (capital consumption) \(D = 200\), and Net factor income from abroad \(NFIA = 120\). Calculate the National Income at factor cost.
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About This Question
This is Neco 2017 Economics Question 11. It is one of the objective questions from the 2017 Neco Economics examination.
Difficulty level: Medium .
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