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
Correct Answer: A. determine how income is to shared
Explanation
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.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *