WAEC Economics 2022 Objective — Question 5
Question 5 of 50 from the West African Examinations Council (WAEC) 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 Gross Domestic Product (GDP). If the 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 of mining sector = 60% × $540 = $324.
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