Neco Model Questions Vol1 2024 Economics Question 16
Practice objective / multiple choice question 16 from the 2024 Neco Model Questions Vol1 Economics examination.
The economy's Gross Domestic Product (GDP) is \(12,500\) billion Naira. Residents earned \(800\) billion Naira as factor income abroad, while \(500\) billion Naira was paid to foreign residents as factor income. Depreciation (consumption of fixed capital) amounts to \(1,200\) billion Naira. Calculate the Net National Income (NNI) for the year.
Answer Options
About This Question
This is Neco Model Questions Vol1 2024 Economics Question 16. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.