Waec Model Questions Vol1 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2022 Economics Objective / Multiple Choice Medium Difficulty
Question 40 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

Given the following data for a country (in ₦ billion): - GDP at market price = 5,000 - Indirect taxes less subsidies = 150 - Depreciation (capital consumption allowance) = 300 - Net factor income from abroad = -200 (net outflow) Calculate the National Income at factor cost.

Answer Options

Correct Answer A. ₦4,350 billion
B. ₦4,050 billion
C. ₦4,550 billion
D. ₦4,650 billion
Correct Answer
A
Correct Option:
₦4,350 billion

About This Question

This is Waec Model Questions Vol1 2022 Economics Question 40. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

View More Waec Model Questions Vol1 2022 Economics Questions More Waec Model Questions Vol1 Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support