Post Utme Babcock University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

A. ₦1.5 trillion
B. ₦1.6 trillion
Correct Answer C. ₦1.7 trillion
D. ₦1.8 trillion
Correct Answer
C
Correct Option:
₦1.7 trillion

About This Question

This is Post Utme Babcock University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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