Post Utme Caleb University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's consumption, investment, government sp\ending, exports, and imports are ₦100 billion, ₦20 billion, ₦30 billion, ₦50 billion, and ₦40 billion respectively, what is the country's GDP?

Answer Options

A. ₦140 billion
B. ₦150 billion
Correct Answer C. ₦160 billion
D. ₦170 billion
Correct Answer
C
Correct Option:
₦160 billion

About This Question

This is Post Utme Caleb University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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