Neco Model Questions Vol1 2018 Economics Question 3
Practice objective / multiple choice question 3 from the 2018 Neco Model Questions Vol1 Economics examination.
In a closed economy, consumption is ₦200 million, investment is ₦80 million, government spending is ₦120 million, and net exports are zero. A statistical discrepancy of ₦5 million must be added to balance the accounts. What is the Gross Domestic Product (GDP) in naira million?
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 3. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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