Neco Model Questions Vol1 2023 Economics Question 31
Practice objective / multiple choice question 31 from the 2023 Neco Model Questions Vol1 Economics examination.
In 2022, Country X had a nominal GDP of \(\text{₦}15{,}000\) billion. The GDP deflator for 2022 was 125 (base year 2010 = 100). Net factor income from abroad was a net outflow of \(\text{₦}500\) billion. The population at mid‑year was 25 million. Calculate the real per‑capita national income (real GNI per person) for 2022 in \(\text{₦}\) (rounded to the nearest whole number).
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 31. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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