Post Utme Unilorin 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNILORIN • 2018 • 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, the country also imports goods worth ₦100 billion. What is the effect on the country's GDP?

Answer Options

A. The country's GDP increases by ₦100 billion
Correct Answer B. The country's GDP decreases by ₦100 billion
C. The country's GDP remains the same
D. The country's GDP increases by ₦200 billion
Correct Answer
B
Correct Option:
The country's GDP decreases by ₦100 billion

About This Question

This is Post Utme Unilorin 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

View More Post Utme Unilorin 2018 Economics Questions More Post Utme Unilorin 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