The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the...
ECONOMICS
JAMB 2022
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. $ 324.00
- D. $ 350.00
Correct Answer: B. $ 180.00
Explanation
The contribution of the mining sector = 60% x 540 = 324
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