Post Utme Ui 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_UI • 2024 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, if a foreign company produces goods within the country, but the company is owned by a foreign entity, how would this affect the country's GDP?

Answer Options

A. The country's GDP would increase.
B. The country's GDP would decrease.
Correct Answer C. The country's GDP would remain unchanged.
D. The country's GDP would be affected only if the foreign company is producing goods for export.
Correct Answer
C
Correct Option:
The country's GDP would remain unchanged.

About This Question

This is Post Utme Ui 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

View More Post Utme Ui 2024 Economics Questions More Post Utme Ui 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