NECO Economics 2023 Objective — Question 32
Question 32 of 50 from the National Examinations Council (NECO) Economics 2023 Objective paper, with the correct answer and a full explanation.
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National income is calculated mainly to
- A. determine how income is to be shared
- B. help firms generate more funds
- C. determine the level of sectoral performanceCorrect
- D. determine aid to be received from other nations
Explanation
National income is calculated to determine the contribution or level of sectoral performance to the economy of a country, among other reasons.
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