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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
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Correct Answer: Option C
Explanation

The contribution of the mining sector = 60% x 540

= 324

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