Post Utme Al Hikmah University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP is given by the equation: GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's consumption is $500 billion, investment is $100 billion, government sp\ending is $200 billion, exports are $150 billion, and imports are $120 billion, what is the GDP?

Answer Options

Correct Answer A. $1,030 billion
B. $1,030 billion
C. $1,030 billion
D. $1,030 billion
Correct Answer
A
Correct Option:
$1,030 billion

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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