WAEC Economics 2014 Theory — Question 13

Question 13 of 22 from the West African Examinations Council (WAEC) Economics 2014 Theory paper, with the correct answer and a full explanation.

6(a). Define gross national income. (2 marks)

Model answer

Gross national income (GNI) is the total income earned by the nationals/residents of a country, both at home and abroad, over a given period (usually a year), including net income from abroad.

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