JAMB Economics 2021 Objective — Question 39
Question 39 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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39. Which of the following is not a component in the computation of GNP using expenditure approach a. Government expenditure b. Investment c. Export d. Consumers' income
- A. Government expenditure
- B. Investment
- C. Export
- D. Consumers' incomeCorrect
Explanation
The expenditure approach to GNP uses consumers' expenditure (consumption), not consumers' income, alongside government expenditure, investment and exports.
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