Post Utme Rhema University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, this measure does not account for the value of intermediate goods and services used in the production process. What is the name of the accounting method that adjusts GDP to account for these intermediate goods and services?

Answer Options

A. Gross National Product (GNP)
B. Net National Product (NNP)
Correct Answer C. Gross Domestic Product (GDP)
D. Value-Added Tax (VAT)
Correct Answer
C
Correct Option:
Gross Domestic Product (GDP)

About This Question

This is Post Utme Rhema University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support