JAMB - Economics (2019 - No. 50)

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_________

₤ 88,000μ
₤ 82,000μ
₤ 74,000μ
₤ 72,000μ

Explanation

GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 74,000μ

Comments (0)

Advertisement