Neco Model Questions Vol1 2018 Economics Question 31
Practice objective / multiple choice question 31 from the 2018 Neco Model Questions Vol1 Economics examination.
Country A recorded the following macro‑economic data for the year: Consumption \(C = ₦2,500\) million, Investment \(I = ₦800\) million, Government expenditure \(G = ₦1,200\) million, Exports \(X = ₦500\) million, Imports \(M = ₦600\) million, Indirect taxes \(T = ₦200\) million, Subsidies \(S = ₦50\) million, Depreciation \(D = ₦300\) million and Gross National Income (GNI) \(= ₦5,200\) million. Compute the Net National Income (NNI) at factor cost for Country A.
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 31. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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