National Income Jamb Economics Past Questions
Question 6
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤80,000 m
Indirect taxes on goods and services ₤8,000m
Capital consumption ₤6,000m
Gross national expenditure at factor cost is_________
- A. ₤88,000
- B. ₤82,000
- C. ₤74,000
- D. ₤72,000
Question 7
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m
National income is__________
- A. ₤74,000m
- B. ₤66,000m
- C. ₤60,000m
- D. ₤14,000m
Question 8
The following are Methods of measuring National Income of a country EXCEPT; ?
- A. Expenditure method
- B. Consumption method
- C. Input Method
- D. Output method
Question 9
In the diagram above, full employment is indicated by
- A. L
- B. M
- C. N
- D. P
Question 10
From the table calculate the national income
- A. N18,500m
- B. 19,000m
- C. 19,500m
- D. 20,500m
