Post Utme Unilorin 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2019 • 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 multinational corporation produces goods in a foreign country and exports them to the home country, how would this affect the GDP of the home country?

Answer Options

A. The GDP would increase because the corporation is producing goods within the country's borders.
B. The GDP would decrease because the corporation is producing goods in a foreign country.
Correct Answer C. The GDP would remain unchanged because the corporation is exporting goods to the home country.
D. The GDP would increase because the corporation is creating jobs in the home country.
Correct Answer
C
Correct Option:
The GDP would remain unchanged because the corporation is exporting goods to the home country.

About This Question

This is Post Utme Unilorin 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Unilorin Economics examination.

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