NECO Economics 2022 Objective — Question 5
Question 5 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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The mining sector of an economy contributes 60% to the GDP. If GDP is $540, what is the contribution of the mining sector?
- A. $90.00
- B. $180.00
- C. $324.00Correct
- D. $350.00
Explanation
Contribution = 60/100 x 540 = $324.00.
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