passwella.
Menu

WAEC Economics 2024 Question 34

Question 34

National Income

Use the table below to answer the question.
Gross National Product | $400 m
Depreciation | $100 m
Total population | 25 m
The value of per capita income is

  1. A.$20.
  2. B.$12.
  3. C.$8.
  4. D.$4.
Show the answer and explanation

Answer: B ($12.)

Explanation

Per capita income = national income (NNP) ÷ population = 300 ÷ 25 = $12.