Post Utme Wellspring University 2021 Economics Question 31

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

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • 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, the GDP of a country can be affected by the following factors: (i) the value of imports, (ii) the value of exports, (iii) the value of intermediate goods and services. Which of the following statements is correct?

Answer Options

A. The value of imports is added to the GDP.
B. The value of exports is subtracted from the GDP.
C. The value of intermediate goods and services is added to the GDP.
Correct Answer D. The value of imports and exports is subtracted from the GDP.
Correct Answer
D
Correct Option:
The value of imports and exports is subtracted from the GDP.

About This Question

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

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