Post Utme Bowen University 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 1 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, if a multinational corporation operating in the country imports raw materials worth ₦100 billion, how would this affect the country's GDP?

Answer Options

A. The country's GDP would increase by ₦100 billion.
B. The country's GDP would decrease by ₦100 billion.
Correct Answer C. The country's GDP would remain unchanged.
D. The country's GDP would increase by ₦50 billion.
Correct Answer
C
Correct Option:
The country's GDP would remain unchanged.

About This Question

This is Post Utme Bowen University 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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