Neco Model Questions Vol1 2022 Economics Question 12
Practice objective / multiple choice question 12 from the 2022 Neco Model Questions Vol1 Economics examination.
Using the expenditure approach, the following data (in millions of naira) are given for a country: \(C = 2500\), \(I = 800\), \(G = 1200\), exports \(X = 500\), imports \(M = 700\), and net factor income from abroad \(= -150\). Calculate the Gross National Income (GNI).
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About This Question
This is Neco Model Questions Vol1 2022 Economics Question 12. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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