Neco Model Questions Vol1 2023 Economics Question 21
Practice objective / multiple choice question 21 from the 2023 Neco Model Questions Vol1 Economics examination.
Given the following data for a country in a year: GDP at market price = 5,200 billion Naira, indirect taxes = 400 billion Naira, subsidies = 100 billion Naira, depreciation = 300 billion Naira, and net factor income from abroad = 150 billion Naira. Calculate the Net National Income at factor cost for that year.
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 21. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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