Neco 2022 Economics Question 21
Practice objective / multiple choice question 21 from the 2022 Neco Economics examination.
The following data are for a closed economy in a given year (all values in billions of Naira): Consumption \(C = 3,200\), Investment \(I = 800\), Government expenditure \(G = 1,200\), Exports \(X = 500\), Imports \(M = 700\), Depreciation \(D = 300\), and Net factor income from abroad \(NFIA = 150\). Calculate the Net National Income (NNI) for that year.
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About This Question
This is Neco 2022 Economics Question 21. It is one of the objective questions from the 2022 Neco Economics examination.
Difficulty level: Medium .
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