Post Utme Bells University 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's consumption is 60% of its GDP, investment is 20% of its GDP, government exp\enditure is 15% of its GDP, and net exports are 5% of its GDP, what will be the value of the country's GDP?

Answer Options

A. ₦1000
B. ₦1200
Correct Answer C. ₦1500
D. ₦1800
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Bells University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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