Neco Model Questions Vol1 2022 Economics Question 1
Practice objective / multiple choice question 1 from the 2022 Neco Model Questions Vol1 Economics examination.
Given the following macro‑economic data (in billions of Naira): Consumption \(C = 2{,}500\), Investment \(I = 800\), Government expenditure \(G = 1{,}200\), Exports \(X = 600\), Imports \(M = 500\), Indirect taxes \(T = 300\), Subsidies \(S = 100\), Depreciation \(D = 400\) and Net factor income from abroad \(NFFI = 150\). Calculate the National Income (NI).
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About This Question
This is Neco Model Questions Vol1 2022 Economics Question 1. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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