WAEC Economics 2023 Objective — Question 34
Question 34 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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The Net National Product (NNP) of a country is $50 while the depreciation allowance is $10 m. The Gross National Product (GNP) is A. $30 m. B. $40 m. C. $60 m. D. $500 m.
- A. $30 m
- B. $40 m
- C. $60 mCorrect
- D. $500 m
Explanation
NNP = GNP − depreciation, so GNP = NNP + depreciation = $50m + $10m = $60m.
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