Neco 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Neco Economics examination.

Neco 2017 Economics Objective / Multiple Choice Medium Difficulty
Question 25 NECO • 2017 • ECONOMICS • objective

Using the income approach, compute Net Domestic Product (NDP) given the following factor incomes (in billions of naira): wages = \(150\), rent = \(30\), interest = \(20\), profits = \(50\), indirect taxes net of subsidies = \(40\), and depreciation = \(25\).

Answer Options

A. 315
B. 250
Correct Answer C. 290
D. 265
Correct Answer
C
Correct Option:
290

About This Question

This is Neco 2017 Economics Question 25. It is one of the objective questions from the 2017 Neco 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.

Unlock Full Access Available for Android & Windows
Chat with Support