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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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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts