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

Question 26:

• JAMB 1992

\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
Calculate the GNP per head of the population in year 1 and year 2.

A. N2000.00, N1000.00
B. N1125.00; N2000.00
C. N1000.00, N2000.00
D. N1000.00; N1125.00

Question 27:

• JAMB 1993

The GDP of Nigeria will be greater than her GNP if?

A. The value of goods and services to Nigeria is greater than the value of those from Nigeria
B. Consumption is greater than investment
C. Government expenditures are greater than the foreign aid received
D. The value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria

Question 28:

• JAMB 1993

The GDP of Nigeria will be greater than her GNP if?

A. The value of goods and services to Nigeria is greater than the value of those from Nigeria
B. Consumption is greater than investment
C. Government expenditures are greater than the foreign aid received
D. The value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria

Question 29:

• JAMB 1993

Using the table calculate the net income

A. N58m
B. N54m
C. N50m
D. N46m

Question 30:

• JAMB 1994

The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?

A. Debt repayment
B. Investments abroad
C. Net income from abroad
D. Capital consumption