Calculate the GNP per head of the population in year 1 and year 2.

Assessment: JAMB UTME - Economics - 1992 Subject: Economics

Question 1 Report

Calculate the GNP per head of the population in year 1 and year 2.

Answer Details
To calculate GNP per head of the population, we need to divide the GNP by the population. For Year 1: GNP per head = GNP/Population = N200,000/N200 = N1000.00 For Year 2: GNP per head = GNP/Population = N225,000/N200 = N1125.00 Therefore, the GNP per head for Year 1 is N1000.00 and for Year 2 is N1125.00. The answer is option D: N1000.00; N1125.00.
Read lesson note on National Income (WAEC)
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