Post Utme Unilag 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A country's GDP is calculated as the sum of the value of all final goods and services produced within its borders. However, if a country imports a good and then exports it after adding value to it, how should this be accounted for in the GDP calculation?

Answer Options

Correct Answer A. The value added to the good should be included in the GDP calculation
B. The value added to the good should not be included in the GDP calculation
C. The value of the good should be included in the GDP calculation, but the value added should not
D. The value of the good should not be included in the GDP calculation, but the value added should
Correct Answer
A
Correct Option:
The value added to the good should be included in the GDP calculation

About This Question

This is Post Utme Unilag 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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