WAEC Economics 2024 Objective — Question 33

Question 33 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.

33. (Use the table showing Gross National Product $400m, Depreciation $100m, and Total population 25m) The value of Net National Product is

• A. $100m
• B. $275m
• C. $300mCorrect
• D. $500m

Explanation

Net National Product = Gross National Product - Depreciation = $400m - $100m = $300m.

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