Post Utme Elizade University 2023 Commerce Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2023 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2023 • COMMERCE • objective

The concept of 'Gross Domestic Product' (GDP) is used to measure the total value of all final goods and services produced within a country's borders. However, GDP does not account for the value of unpaid household work, such as childcare and household chores. What is the name of the alternative measure of a country's economic activity that takes into account the value of unpaid household work?

Answer Options

A. Gross National Product (GNP)
B. Net Domestic Product (NDP)
Correct Answer C. Human Development Index (HDI)
D. Gross National Income (GNI)
Correct Answer
C
Correct Option:
Human Development Index (HDI)

About This Question

This is Post Utme Elizade University 2023 Commerce Question 11. It is one of the objective questions from the 2023 Post Utme Elizade University Commerce examination.

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