Post Utme Al Hikmah University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, 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 country's consumption is ₦500 billion, its investment is ₦200 billion, its government sp\ending is ₦300 billion, its exports are ₦400 billion, and its imports are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1,300 billion
B. ₦1,400 billion
Correct Answer C. ₦1,500 billion
D. ₦1,600 billion
Correct Answer
C
Correct Option:
₦1,500 billion

About This Question

This is Post Utme Al Hikmah University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.

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