Neco Model Questions Vol1 2019 Economics Question 7
Practice objective / multiple choice question 7 from the 2019 Neco Model Questions Vol1 Economics examination.
National accounts for a country provide the following data (in billions of naira): GDP at market price = \(15\,000\), indirect taxes less subsidies = \(1,200\), net factor income from abroad = \(-500\), and statistical discrepancy = \(300\). The population is \(30\) million. Compute the Gross National Product (GNP) at factor cost and then determine the GNP per capita. (Round the per‑capita figure to the nearest naira.)
Answer Options
About This Question
This is Neco Model Questions Vol1 2019 Economics Question 7. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.