WAEC Economics 2022 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2022 Objective paper, with the correct answer and a full explanation.
Advertisement
Gross National Product (GNP) less the provision for the wear and tear of assets is the
- A. net present value
- B. net national productCorrect
- C. net factor income
- D. net indirect taxes
Explanation
GNP minus depreciation (wear and tear of assets) equals Net National Product (NNP).
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.