Post Utme Covenant University 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 21 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, this measure does not account for the value of intermediate goods and services used in the production process. Which of the following is a limitation of u\sing GDP as a measure of a country's economic performance?

Answer Options

Correct Answer A. GDP does not account for the value of intermediate goods and services used in production.
B. GDP only measures the value of final goods and services produced within a country's borders.
C. GDP does not account for the value of capital goods used in production.
D. GDP only measures the value of labor income.
Correct Answer
A
Correct Option:
GDP does not account for the value of intermediate goods and services used in production.

About This Question

This is Post Utme Covenant University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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