Post Utme Afe Babalola University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A country's budget is given by the following equation: G = 1000 + 0.5Y, where G is government exp\enditure and Y is national income. If the government exp\enditure is 1200, what is the value of national income?

Answer Options

A. 2000
Correct Answer B. 2500
C. 3000
D. 3500
Correct Answer
B
Correct Option:
2500

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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