Post Utme Igbinedion University 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is calculated as the sum of the value of all final goods and services produced within its borders. If a country imports a good worth ₦100,000, what will be the impact on its GDP?

Answer Options

A. GDP will increase by ₦100,000
B. GDP will decrease by ₦100,000
Correct Answer C. GDP will remain unchanged
D. GDP will be unaffected
Correct Answer
C
Correct Option:
GDP will remain unchanged

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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