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JAMB Economics 1986 Question 48

Question 48

National Income

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

  1. A.allowance for total depreciation
  2. B.total interest payments
  3. C.total tax and interest payments
  4. D.net income from abroad
Show the answer and explanation

Answer: D (net income from abroad)

Explanation

GNP = GDP + net income from abroad, so the two differ by net factor income from abroad.