Post Utme Christopher University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports, and M is the imports. If the country's GDP is 100 billion, consumption is 60 billion, investment is 15 billion, government sp\ending is 20 billion, exports are 25 billion, and imports are 10 billion, calculate the GDP.

Answer Options

A. 80 billion
B. 90 billion
Correct Answer C. 100 billion
D. 110 billion
Correct Answer
C
Correct Option:
100 billion

About This Question

This is Post Utme Christopher University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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