Post Utme Unilorin 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. If a country imports $100 million worth of goods and services, and its GDP is $500 million, what is the country's GDP in terms of domestic production?

Answer Options

Correct Answer A. $400 million
B. $500 million
C. $600 million
D. $700 million
Correct Answer
A
Correct Option:
$400 million

About This Question

This is Post Utme Unilorin 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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