Question 6

(a) Define gross national income. (2 marks)

(b) Using appropriate examples, distinguish between:
(i) Personal income and disposable income. (6 marks)
(ii) Nominal income and real income. (6 marks)

(c) Outline any three uses of national income statistics. (6 marks)

Theory

Question details

Exam body
WAEC
Subject
Economics
Year
2014
Question no.
#6
Type
Theory

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