Post Utme Bowen University 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 35 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. GDP = ₦1500
B. GDP = ₦2000
Correct Answer C. GDP = ₦2500
D. GDP = ₦3000
Correct Answer
C
Correct Option:
GDP = ₦2500

About This Question

This is Post Utme Bowen University 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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