The Concepts of GNP, GDP, NI, NNP - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1982

What is the growth rate of GNP?

A. 18%
B. 10%
C. 6.7%
D. 0.5%
E. 4.1%3

Question 12:

• JAMB 1984

The production within the domestic territory of a country is called the

A. Net national product
B. Gross domestic product
C. Net income
D. Disposable income
E. Gross national product

Question 13:

• JAMB 1984

The diagram illustrates

A. The circular flow of income
B. Gross national product plus depreciation
C. Incomes of the private sector
D. The profit of business enterprises
E. The output approach to national income determination

Question 14:

• JAMB 1986

The difference between the Gross Domestic Product and the Gross National Product is?

A. Allowance for total depreciation
B. Total interest payments
C. Total tax and interest payments
D. Net income from aboard

Question 15:

• JAMB 1987

The difference between personal income and personal disposal income is?

A. Personal income tax
B. Investment income
C. Personal savings
D. Consumption expenditure