Post Utme Igbinedion University 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

The concept of 'Gross Domestic Product' (GDP) is a measure of a nation's economic activity, but it has some limitations. What is one of the main criticisms of GDP?

Answer Options

A. It does not account for income inequality.
Correct Answer B. It only measures the production of goods and services.
C. It does not account for the environmental impact of economic activity.
D. It only measures the consumption of goods and services.
Correct Answer
B
Correct Option:
It only measures the production of goods and services.

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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