Post Utme Abu 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_ABU • 2017 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's GDP is ₦10 trillion, consumption is ₦3 trillion, investment is ₦1 trillion, government sp\ending is ₦2 trillion, exports are ₦2 trillion, and imports are ₦1 trillion, find the value of C + I + G.

Answer Options

A. ₦6 trillion
Correct Answer B. ₦7 trillion
C. ₦8 trillion
D. ₦9 trillion
Correct Answer
B
Correct Option:
₦7 trillion

About This Question

This is Post Utme Abu 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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