WAEC Economics 2021 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.
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32. What is the country's Net National Product (NNP) at factor cost?
- A. $3,050
- B. $2,680Correct
- C. $2,230
- D. $2,220
Explanation
NNP at factor cost = GNP − Depreciation (capital consumption), giving approximately $2,680 based on the data provided.
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