Neco Model Questions Vol1 2019 Economics Question 2
Practice objective / multiple choice question 2 from the 2019 Neco Model Questions Vol1 Economics examination.
Given the following macro‑economic data (in billions of naira): Consumption \(C = 500\), Investment \(I = 150\), Government spending \(G = 200\), Exports \(X = 120\), Imports \(M = 80\), Indirect taxes \(T_i = 50\), Subsidies \(S = 20\), Depreciation \(D = 30\), and Net factor income from abroad \(NFIA = -10\). Compute the National Income (NI) of the economy.
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About This Question
This is Neco Model Questions Vol1 2019 Economics Question 2. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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