Neco Model Questions Vol1 2020 Economics Question 19
Practice objective / multiple choice question 19 from the 2020 Neco Model Questions Vol1 Economics examination.
The following data (in billions of Naira) are recorded for a country in a given year:\n\n- Compensation of employees: \(150\)\n- Gross operating surplus: \(80\)\n- Gross mixed income: \(30\)\n- Taxes on production and imports: \(45\)\n- Subsidies: \(12\)\n- Depreciation (consumption of fixed capital): \(20\)\n- Net factor income from abroad: \(-5\)\n\n(a) Calculate Gross Domestic Product (GDP) at market prices.\n(b) Determine Net Domestic Product (NDP).\n(c) Find Net National Income (NNI).
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 19. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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