Post Utme Covenant University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_COVENANT_UNIVERSITY • 2020 • ECONOMICS • objective

Consider a country with a GDP given by \( GDP = 100 + 0.2Y \), where Y is the country's income. If the country's income is \( Y = 500 \), what is the country's GDP?

Answer Options

A. \( GDP = 150 \)
B. \( GDP = 160 \)
Correct Answer C. \( GDP = 170 \)
D. \( GDP = 180 \)
Correct Answer
C
Correct Option:
\( GDP = 170 \)

About This Question

This is Post Utme Covenant University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.

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