Neco Model Questions Vol1 2024 Economics Question 36
Practice objective / multiple choice question 36 from the 2024 Neco Model Questions Vol1 Economics examination.
The economy recorded a nominal GDP of ₦15,000 billion in 2022. The GDP deflator for that year was 125 (base year = 100). Depreciation during the year amounted to ₦1,200 billion and net factor income from abroad was a net inflow of ₦300 billion. The population was 25 million. Calculate the real GNI per capita for 2022 (in Naira, rounded to the nearest thousand).
Answer Options
About This Question
This is Neco Model Questions Vol1 2024 Economics Question 36. 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.