Post Utme Al Hikmah University 2024 Economics Question 12
Practice objective / multiple choice question 12 from the 2024 Post Utme Al Hikmah 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 value of exports, and M is the value of imports. If the consumption is ₦1,000,000, the investment is ₦500,000, the government sp\ending is ₦200,000, the value of exports is ₦1,000,000, and the value of imports is ₦800,000, what is the GDP?
Answer Options
About This Question
This is Post Utme Al Hikmah University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Al Hikmah 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.