Neco Model Questions Vol1 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Neco Model Questions Vol1 Economics examination.
National income is measured using the following data (in billions of naira): consumption \(C = 2,400\), investment \(I = 1,200\), government expenditure \(G = 1,800\), exports \(X = 500\) and imports \(M = 700\). Indirect taxes equal 15 % of GDP, depreciation equals 8 % of GDP, and net factor income from abroad is -2 % of GDP. Calculate the Net National Income (NNI).
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This is Neco Model Questions Vol1 2022 Economics Question 6. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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