Post Utme Caleb University 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G, where Y is the GDP, C is the consumption, I is the investment, and G is the government sp\ending. If the consumption is ₦100 billion, the investment is ₦50 billion, and the government sp\ending is ₦20 billion, what is the GDP?

Answer Options

A. ₦170 billion
B. ₦180 billion
Correct Answer C. ₦190 billion
D. ₦200 billion
Correct Answer
C
Correct Option:
₦190 billion

About This Question

This is Post Utme Caleb University 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support