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Given the following hypothetical data (in millions of naira):1. gross private domestic investment N592. contributors for social insurance N83. interest paid by customers N34. personal consumption expenditures N2065. transfer payments N206. undistributed corporate profits N137. indirect business taxes N258. net exports of goods and services N49. capital consumption allowances N2110. government purchase or goods and services N5911. corporate income tax N2212. personal taxes non-tax payments N29
Calculatea) gross national productb) net national productc) national incomed) personal incomee) disposable income
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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