Neco 2023 Economics Question 29
Practice objective / multiple choice question 29 from the 2023 Neco Economics examination.
Using the data below, compute three national‑income aggregates.\n\n- Consumption (C) = 1,500\n- Investment (I) = 300\n- Government spending (G) = 500\n- Exports (X) = 200\n- Imports (M) = 250\n- Factor incomes: wages = 800, rent = 150, interest = 100, profits = 250\n- Depreciation = 120\n- Net factor income from abroad = -30\n\n(i) Find GDP at market prices (expenditure approach).\n(ii) Find GNP at factor cost.\n(iii) Find Net National Income (NNI) at market prices. Give each answer in the same monetary units as the data.
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About This Question
This is Neco 2023 Economics Question 29. It is one of the objective questions from the 2023 Neco Economics examination.
Difficulty level: Medium .
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