Post Utme Covenant University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP can be calculated u\sing the following formula: GDP = C + I + G + \( X - M \). If the country's consumption (C) is ₦100 billion, investment (I) is ₦50 billion, government sp\ending (G) is ₦20 billion, exports (X) are ₦80 billion, and imports (M) are ₦40 billion, what is the country's GDP?

Answer Options

A. ₦150 billion
Correct Answer B. ₦200 billion
C. ₦250 billion
D. ₦300 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Covenant University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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