Post Utme Abu 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_ABU • 2021 • ECONOMICS • objective

A country's national income is calculated u\sing the formula NI = C + I + G + \( X - M \). If the country's consumption is ₦500,000,000, its investment is ₦200,000,000, its government exp\enditure is ₦300,000,000, its exports are ₦400,000,000, and its imports are ₦200,000,000, what is the country's national income?

Answer Options

A. ₦1,500,000,000
Correct Answer B. ₦1,600,000,000
C. ₦1,700,000,000
D. ₦1,800,000,000
Correct Answer
B
Correct Option:
₦1,600,000,000

About This Question

This is Post Utme Abu 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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