Post Utme Igbinedion University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is calculated as the sum of the value of all final goods and services produced within its borders. However, this calculation excludes the value of intermediate goods and services. What is the term for this exclusion?

Answer Options

Correct Answer A. Value Added
B. Gross National Product
C. Net National Product
D. Implicit Deflator
Correct Answer
A
Correct Option:
Value Added

About This Question

This is Post Utme Igbinedion University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.

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