Neco Model Questions Vol1 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 19 NECO_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

A country's expenditure components are: Consumption \(C = \text{₦}2{,}300\) million, Investment \(I = \text{₦}800\) million, Government spending \(G = \text{₦}1{,}200\) million, and Net factor income from abroad \(NFIA = \text{₦}200\) million. If Gross National Product (GNP) equals \(\text{₦}5{,}200\) million, calculate the value of Net exports \(NX\) (in million naira).

Answer Options

A. 500
B. 300
C. 900
Correct Answer D. 700
Correct Answer
D
Correct Option:
700

About This Question

This is Neco Model Questions Vol1 2025 Economics Question 19. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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