Neco 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Neco Economics examination.

Neco 2020 Economics Objective / Multiple Choice Medium Difficulty
Question 28 NECO • 2020 • ECONOMICS • objective

In a given year the following aggregate expenditures (in billions of Naira) were recorded: Consumption = 4500, Investment = 1200, Government spending = 800, Exports = 600, Imports = 900. Net factor income from abroad was \(-150\) and depreciation amounted to 300. Compute Net National Income and the per‑capita NNI if the population is 25 million.

Answer Options

A. NNI = 5600; Per‑capita NNI = 224
B. NNI = 5450; Per‑capita NNI = 218
Correct Answer C. NNI = 5750; Per‑capita NNI = 230
D. NNI = 6050; Per‑capita NNI = 242
Correct Answer
C
Correct Option:
NNI = 5750; Per‑capita NNI = 230

About This Question

This is Neco 2020 Economics Question 28. It is one of the objective questions from the 2020 Neco Economics examination.

Difficulty level: Medium .

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