WAEC Economics 2011 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a concept in National Income accounting?
- A. A. Domestic National Product (DNP)Correct
- B. B. Gross National Product (GNP)
- C. C. Gross Domestic Product (GDP)
- D. D. Net Domestic Product (NDP)
Explanation
There is nothing like Domestic National Product; it is either Gross Domestic Product or Gross National Product and so on.
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