Post Utme Economics Questions
Question 326:
Which factor is subtracted from GDP to obtain NDP?
- A Government expenditure
- B Indirect taxation fully
- C Depreciation allowance
- D Export earnings only
Question 327:
GDP excludes:
- A Banking service activities
- B Newly manufactured products
- C Agricultural production output
- D Second-hand goods resale
Question 328:
GDP at factor cost excludes:
- A Wages and salaries
- B Agricultural production value
- C Indirect taxes imposed
- D Production activities fully
Question 329:
Which method adds wages, rent, interest, and profit?
- A Production restriction method
- B Population analysis method
- C Climatic survey method
- D Income approach method
Question 330:
One limitation of national income statistics is:
- A Underground economy exclusion
- B Accurate welfare measurement
- C Inclusion of all activities
- D Perfect statistical records