WAEC Economics 2023 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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National income is calculated mainly to A. determine how income is to be shared. B. help firms generate more funds. C. determine the level of sectoral performance. D. determine aid to be received from other nations.
- A. determine how income is to be shared
- B. help firms generate more funds
- C. determine the level of sectoral performanceCorrect
- D. determine aid to be received from other nations
Explanation
National income calculation shows how the government spends, and the performance of the private as well as foreign sector; thus, it shows sectoral performance.
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