Post Utme Veritas University 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A country's national income is the total value of all final goods and services produced within its borders during a specific period. Which of the following is a correct statement about the national income?

Answer Options

A. The national income is the total value of all intermediate goods and services produced within a country's borders.
Correct Answer B. The national income is the total value of all final goods and services produced within a country's borders.
C. The national income is the total value of all goods and services produced within a country's borders, including intermediate goods.
D. The national income is the total value of all goods and services produced within a country's borders, excluding intermediate goods.
Correct Answer
B
Correct Option:
The national income is the total value of all final goods and services produced within a country's borders.

About This Question

This is Post Utme Veritas University 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

View More Post Utme Veritas University 2021 Economics Questions More Post Utme Veritas University 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