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WAEC Economics 1994 Question 38

Question 38

National Income

The magnitude of the national income of a country depends on all the following except the

  1. A.quantity of natural resources available
  2. B.level of technical know-how
  3. C.mobility of labour
  4. D.level of productivity
  5. E.quality and quantity of factors of production
Show the answer and explanation

Answer: C (mobility of labour)

Explanation

National income depends on resources, technology, productivity and the factors of production; mobility of labour is the least direct of these.