Neco 2019 Economics Question 6
Practice objective / multiple choice question 6 from the 2019 Neco Economics examination.
The economy's Gross Domestic Product (GDP) at market price is \(15{,}000\) billion naira. Depreciation (consumption of fixed capital) equals 8\% of GDP. Net National Product (NNP) at factor cost is \(12{,}500\) billion naira. Assuming that Net Factor Income from abroad (NFIA) is the only unknown component, determine the value of NFIA (in billion naira).
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About This Question
This is Neco 2019 Economics Question 6. It is one of the objective questions from the 2019 Neco Economics examination.
Difficulty level: Medium .
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