WAEC Economics 2021 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
31. The following data relates to the national income of a country. Use it to answer questions 31 and 32. What is the country's Gross National Product (GNP)?
- A. $3,050Correct
- B. $2,680
- C. $2,350
- D. $210
Explanation
GNP = GDP + Net Factor Income from Abroad = $2,800 + $250 = $3,050.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.