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WAEC Economics 2007 Question 40

Question 40

National Income

If the population of a country is low and the Gross National Product is high, the per capita income will be

  1. A.high
  2. B.low
  3. C.average
  4. D.unitary.
Show the answer and explanation

Answer: A (high)

Explanation

Per capita income = GNP ÷ population; a large GNP shared among few people gives a high figure.