Post Utme Rsu 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, the GDP of a country can be affected by the following factors: (i) the value of imports, (ii) the value of exports, and (iii) the value of intermediate goods. Which of the following statements is correct?

Answer Options

A. The value of imports is added to the GDP.
Correct Answer B. The value of exports is subtracted from the GDP.
C. The value of intermediate goods is added to the GDP.
D. The value of imports and exports is added to the GDP.
Correct Answer
B
Correct Option:
The value of exports is subtracted from the GDP.

About This Question

This is Post Utme Rsu 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

View More Post Utme Rsu 2023 Economics Questions More Post Utme Rsu Practice Questions Back to Questions

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