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National income is calculated mainly to

Economics
WAEC 2023

National income is calculated mainly to

  • A. determine how income is to shared
  • B. help firms generate more funds
  • C. determine aid to to be received from other nations
  • D. determine the level of sectoral performance
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Correct Answer: Option A
Explanation

National income is calculated mainly to determine the level of sectoral performance.

The level of sectoral performance is important because it can indicate the strength of the economy and the potential for future growth. By measuring the level of sectoral performance, governments can identify areas where the economy is doing well and areas where it needs improvement.


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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts