Categories: Economics WAEC

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?
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?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:

Option C = $ 324.00

Explanation

The contribution of the mining sector = 60% x 540

= 324

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