Neco Model Questions Vol1 2021 Economics Question 36
Practice objective / multiple choice question 36 from the 2021 Neco Model Questions Vol1 Economics examination.
The following data are given for an economy: GDP at market price = \(\,15{,}000\) billion Naira, indirect taxes = \(\,2{,}000\) billion Naira, subsidies = \(\,500\) billion Naira, depreciation = \(\,1{,}200\) billion Naira, and net factor income from abroad = \(\,300\) billion Naira. Calculate the Net National Income (NNI) at factor cost.
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About This Question
This is Neco Model Questions Vol1 2021 Economics Question 36. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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