Neco Model Questions Vol1 2025 Economics Question 48
Practice objective / multiple choice question 48 from the 2025 Neco Model Questions Vol1 Economics examination.
In a given year the following aggregate data (in billions of naira) are recorded for the economy: - Consumption \(C = 4{,}500\) - Investment \(I = 1{,}200\) - Government expenditure \(G = 1{,}800\) - Exports \(X = 800\) - Imports \(M = 950\) - Net factor income from abroad \(NFIA = -50\) (net outflow) - Statistical discrepancy \(SD = 30\) (positive) - Depreciation (consumption of fixed capital) \(D = 400\) - Indirect taxes \(T = 200\) and subsidies \(S = 50\) Using these figures, calculate: (a) GDP at market prices (expenditure approach); (b) Net domestic product (NDP); (c) Gross national product (GNP); (d) Net national product at factor cost (NNPFC). Give each answer in billions of naira.
Answer Options
About This Question
This is Neco Model Questions Vol1 2025 Economics Question 48. It is one of the objective questions from the 2025 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.