The following data relates to the national income of a co...
Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120
What is the country's Net National Product (NNP) at factor cost?
$3.050
$2,680
$2,230
$2.220
Correct answer is C
NNP at factor cost is the net money value of all the goods and services produced by residents of a country plus net factor income from abroad.
Therefore NNP at FC = 2800 + 250 - (120 + 700)
3050 - 820 = 2230
A contractionary monetary policy is used to control_________ ...
The basic economic problems of the society include ...
Let capital formation = CF, Production = P, C = consumption. Then CF =_______ ...
The production strategy used in an over-populated country is ...
The additional satisfaction derived from the consumption of one more unit of a good is called ...
Other things being equal, an increase in supply will lead to ...
Which is NOT a method of raising capital funds in Nigeria? ...
The active intervention of the central authorities in the management of a country's economy rest...