Post Utme Unilorin 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. However, this measure does not account for income earned by its citizens from abroad. Which of the following is a limitation of GDP as a measure of a nation's economic performance?

Answer Options

Correct Answer A. It does not account for income earned by citizens from abroad.
B. It only measures the production of goods and services within the country's borders.
C. It does not account for the depreciation of capital assets.
D. It only measures the income earned by citizens from abroad.
Correct Answer
A
Correct Option:
It does not account for income earned by citizens from abroad.

About This Question

This is Post Utme Unilorin 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.

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