Post Utme Covenant University 2024 Economics Question 40
Practice objective / multiple choice question 40 from the 2024 Post Utme Covenant University Economics examination.
A country's GDP is given by the equation: GDP = C + I + G + \( X - M \), where GDP is the Gross Domestic Product, C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's consumption is ₦1,000, investment is ₦500, government sp\ending is ₦300, exports are ₦1,500, and imports are ₦1,200, what is the GDP?
Answer Options
About This Question
This is Post Utme Covenant University 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Covenant 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.