WAEC - Economics (2024 - No. 34)
Use the table below to answer this question.
| Gross National Product | $400m |
| Depreciation | $100m |
| Total Population | 25m |
The value of per capita income is
$20.
$12.
$16.
$4.
Explanation
(Per capital income) = \(\frac{\text{Gross National product}}{\text{production}}\)
= \(\frac{$400m}{25}\) = $16
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