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WAEC Economics 2017 Paper
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© africaexams.com
Question : 32
Total: 48
the value added method used in measuring national income is to
measure output at factor cost
avoid multiple counting of output
deduct depreciation of capital assets
add net factor income from abroad
Validate
Solution:
By
adding
to its net factor
income
from abroad, we get NNPFC which is called
national income
.
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