Post Utme Rsu 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2019 • ECONOMICS • objective

The GDP of a country is calculated as the sum of the value of all final goods and services produced within its borders. What is the implication of this definition on the measurement of GDP?

Answer Options

A. GDP only measures the value of goods and services produced for domestic consumption
B. GDP only measures the value of goods and services produced for export
Correct Answer C. GDP measures the value of all final goods and services produced within the country's borders
D. GDP only measures the value of intermediate goods and services
Correct Answer
C
Correct Option:
GDP measures the value of all final goods and services produced within the country's borders

About This Question

This is Post Utme Rsu 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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