Post Utme Covenant University 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's national income is given by the equation Y = C + I + G, where Y is national income, C is consumption, I is investment, and G is government sp\ending. If the country's consumption is ₦500 billion, investment is ₦200 billion, and government sp\ending is ₦300 billion, what is the country's national income?

Answer Options

A. ₦1000 billion
B. ₦1100 billion
Correct Answer C. ₦1200 billion
D. ₦1300 billion
Correct Answer
C
Correct Option:
₦1200 billion

About This Question

This is Post Utme Covenant University 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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