Post Utme Achievers University 2022 Economics Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Achievers University Economics examination.
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 exports and M is the imports. If the consumption increases by 10%, the investment increases by 15%, the government sp\ending remains cons\tant, the exports increase by 20% and the imports decrease by 10%, what is the percentage change in the GDP?
Answer Options
About This Question
This is Post Utme Achievers University 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.