Post Utme Futa 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, this method of calculation has a major limitation. What is it?

Answer Options

A. It does not account for income earned by foreigners working in the country.
B. It does not account for income earned by citizens working abroad.
Correct Answer C. It does not account for intermediate goods and services.
D. It does not account for depreciation of capital assets.
Correct Answer
C
Correct Option:
It does not account for intermediate goods and services.

About This Question

This is Post Utme Futa 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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