Waec Model Questions Vol1 2018 Economics Question 45

Practice objective / multiple choice question 45 from the 2018 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2018 Economics Objective / Multiple Choice Medium Difficulty
Question 45 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • ECONOMICS • objective

Given the following macro‑economic data for a country (all figures in billion Naira):\n- Gross Domestic Product (GDP): 5,000\n- Depreciation (capital consumption allowance): 400\n- Net factor income from abroad: -150 (net outflow)\n- Indirect taxes less subsidies: 250\n\nCompute:\n(a) Gross National Product (GNP)\n(b) Net National Product (NNP)\n(c) National Income at market price\n(d) National Income at factor cost.

Answer Options

Correct Answer A. a) 4,850 bn; b) 4,450 bn; c) 4,700 bn; d) 4,450 bn
B. a) 4,700 bn; b) 4,300 bn; c) 4,550 bn; d) 4,300 bn
C. a) 5,150 bn; b) 4,750 bn; c) 5,000 bn; d) 4,750 bn
D. a) 4,850 bn; b) 4,550 bn; c) 4,800 bn; d) 4,550 bn
Correct Answer
A
Correct Option:
a) 4,850 bn; b) 4,450 bn; c) 4,700 bn; d) 4,450 bn

About This Question

This is Waec Model Questions Vol1 2018 Economics Question 45. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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