Question on: JAMB Economics - 2012
A
N11.7 billion
B
N13.3 billion
C
N21.7 billion
D
N26.6 billion
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Correct Option: D
Here's how to solve the problem:
-
Identify the relevant data:
- GDP = N60 billion
- Oil sector contribution = 25% of GDP
- Manufacturing sector contribution = 7% of GDP
-
Calculate the contribution of each sector:
- Oil sector contribution = 25/100 * N60 billion = N15 billion
- Manufacturing sector contribution = 7/100 * N60 billion = N4.2 billion
-
Find the difference:
- Difference = Oil sector contribution - Manufacturing sector contribution
- Difference = N15 billion - N3.3 billion = N11.7 billion
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