Question 13
POST_UTME_LASU
•
2019
•
ECONOMICS
•
objective
The National Bureau of Statistics (NBS) releases the Gross Domestic Product (GDP) of Nigeria on a quarterly basis. Explain the concept of GDP and its impor\tance in the economy.
Answer Options
Correct Answer
A.
The Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country's borders over a specific time period.
B.
The Gross Domestic Product (GDP) is the total value of all intermediate goods and services produced within a country's borders over a specific time period.
C.
The Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country's borders over a specific time period, excluding the value of intermediate goods and services.
D.
The Gross Domestic Product (GDP) is the total value of all intermediate goods and services produced within a country's borders over a specific time period, excluding the value of final goods and services.
Correct Answer
A
Correct Option:
The Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country's borders over a specific time period.
About This Question
This is
Post Utme Lasu
2019
Economics
Question 13.
It is one of the
objective
questions from the
2019
Post Utme Lasu
Economics
examination.