Question on: JAMB Economics - 2019
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m
Gross national expenditure at factor cost is_________
A
₤ 88,000μ
B
₤ 82,000μ
C
₤ 74,000μ
D
₤ 72,000μ
Ask EduPadi AI for a detailed answer
Correct Option: D
GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 72,000μ
Add your answer
Please share this, thanks!
No responses