Home » Past Questions » Economics » \(\begin{array}{c|c} \text{Capital consumption allowance} & \text{₦20,000} \\ \hline \text{Gross domestic production} & \text{₦60,000} \\ \hline \text{Factor payment to foreigners} & \text{₦10,000} \\ \hline \text{Factor income from abroad} & \text{₦15,000} \\ \end{array}\)From the above table, calculate the Gross National Product....

\(\begin{array}{c|c} \text{Capital consumption allowance} & \text{₦20,000} \\ \hline \text{Gross domestic production} & \text{₦60,000} \\ \hline \text{Factor payment to foreigners} & \text{₦10,000} \\ \hline \text{Factor income from abroad} & \text{₦15,000} \\ \end{array}\)From the above table, calculate the Gross National Product....


Question

\(\begin{array}{c|c} \text{Capital consumption allowance} & \text{₦20,000} \\ \hline \text{Gross domestic production} & \text{₦60,000} \\ \hline \text{Factor payment to foreigners} & \text{₦10,000} \\ \hline \text{Factor income from abroad} & \text{₦15,000} \\ \end{array}\)

From the above table, calculate the Gross National Product.

Options

A)
N70,000
B)
N75,000
C)
N50,000
D)
N60,000

The correct answer is B.


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