Post Utme Aaua 2017 Economics Question 41

Practice objective / multiple choice question 41 from the 2017 Post Utme Aaua Economics examination.

Post Utme Aaua 2017 Economics Objective / Multiple Choice
Question 41 POST_UTME_AAUA • 2017 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where GDP is the Gross Domestic Product, C is the consumption, I is the investment, G is the government sp\ending, X is the value of exports, and M is the value of imports. If the value of consumption is ₦100,000, the value of investment is ₦50,000, the value of government sp\ending is ₦20,000, the value of exports is ₦100,000, and the value of imports is ₦80,000, what is the Gross Domestic Product?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Aaua 2017 Economics Question 41. It is one of the objective questions from the 2017 Post Utme Aaua Economics examination.

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