The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the…

Economics WAEC 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?

  • $ 90.00
  • $ 180.00
  • $ 324.00 checkmark
  • $ 350.00

The correct answer is: C

Explanation

The contribution of the mining sector = 60% x 540

= 324

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