Use the following information given to answer t... - JAMB Economics 2019 Question
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
correct option: d
GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 72,000μ
Please share this, thanks:
Add your answer
No responses