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JAMB Economics 1989 Question 46

Question 46

National Income

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the

  1. A.gross national product
  2. B.disposable income
  3. C.national income
  4. D.gross domestic product.
Show the answer and explanation

Answer: D (gross domestic product.)

Explanation

GDP is the value of everything produced inside the country, whoever produces it.