Waec Model Questions Vol1 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2022 Economics Objective / Multiple Choice Medium Difficulty
Question 34 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

The following data are for a country in a given year: - GDP at market prices: ₦5,000 billion - Net factor income from abroad: ₦150 billion - Depreciation (capital consumption allowance): ₦300 billion - Indirect taxes: ₦400 billion - Subsidies: ₦100 billion Calculate the Net National Income (NNI) at factor cost (in ₦ billion).

Answer Options

A. 5000
B. 4700
Correct Answer C. 4550
D. 4400
Correct Answer
C
Correct Option:
4550

About This Question

This is Waec Model Questions Vol1 2022 Economics Question 34. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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