Neco Model Questions Vol1 2020 Economics Question 11
Practice objective / multiple choice question 11 from the 2020 Neco Model Questions Vol1 Economics examination.
The following aggregate data for a year are given (in billions of Naira): Consumption = 4500, Investment = 1200, Government spending = 800, Exports = 600, Imports = 900, Indirect taxes = 300, Subsidies = 100, Depreciation = 500, Net factor income from abroad = 150. Compute the Net National Income at factor cost (\(\text{NNI}_{FC}\)).
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 11. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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