Neco 2021 Economics Question 46
Practice objective / multiple choice question 46 from the 2021 Neco Economics examination.
Given the following data for an economy: GDP at market price = \(GDP_{mp}=5{,}200\) billion, indirect taxes = \(IT=300\) billion, subsidies = \(S=100\) billion, depreciation = \(D=200\) billion, and net factor income from abroad = \(NFIA=-50\) billion. Calculate the Net National Income at factor cost (in billion Naira).
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About This Question
This is Neco 2021 Economics Question 46. It is one of the objective questions from the 2021 Neco Economics examination.
Difficulty level: Medium .
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