Neco 2018 Economics Question 47
Practice objective / multiple choice question 47 from the 2018 Neco Economics examination.
Given the following data for an economy (in billions of Naira): Consumption \(C = 2500\), Investment \(I = 800\), Government spending \(G = 1200\), Exports \(X = 600\), Imports \(M = 500\), Indirect taxes \(T = 300\), Subsidies \(S = 100\), Depreciation \(D = 400\), and Net factor income from abroad \(NFIA = 150\). Calculate the Net National Income at factor cost.
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About This Question
This is Neco 2018 Economics Question 47. It is one of the objective questions from the 2018 Neco Economics examination.
Difficulty level: Medium .
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