Post Utme Achievers University 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP can be calculated u\sing the formula: GDP = C + I + G + \( X - M \). If the country's consumption is ₦100 billion, investment is ₦20 billion, government sp\ending is ₦30 billion, exports are ₦40 billion, and imports are ₦20 billion, what is the country's GDP?

Answer Options

Correct Answer A. ₦180 billion
B. ₦200 billion
C. ₦220 billion
D. ₦240 billion
Correct Answer
A
Correct Option:
₦180 billion

About This Question

This is Post Utme Achievers University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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