Post Utme Veritas University 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A country's GDP 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 GDP?

Answer Options

A. The GDP is the total value of all intermediate goods and services produced within a country's borders.
Correct Answer B. The GDP is the total value of all final goods and services produced within a country's borders.
C. The GDP is the total value of all goods and services produced within a country's borders, including intermediate goods.
D. The GDP is the total value of all goods and services produced within a country's borders, excluding intermediate goods.
Correct Answer
B
Correct Option:
The GDP 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 33. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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