Neco 2025 Economics Question 10
Practice objective / multiple choice question 10 from the 2025 Neco Economics examination.
In a given year a country recorded a GDP at market prices of ₦1,200 billion. Net factor income from abroad was a net outflow of ₦50 billion. Depreciation (capital consumption allowance) amounted to ₦180 billion and indirect taxes net of subsidies were ₦70 billion. Calculate the Net National Income at factor cost for that year. Give your answer in billions of naira.
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About This Question
This is Neco 2025 Economics Question 10. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Medium .
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