Post Utme Caleb University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A country's economic growth rate is given by the following equation: GDP = C + I + G + \( X - M \). If the country's consumption is ₦100, investment is ₦20, government exp\enditure is ₦30, exports are ₦50, and imports are ₦20, determine the country's economic growth rate.

Answer Options

Correct Answer A. 10%
B. 15%
C. 20%
D. 25%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Caleb University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

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