Post Utme Delsu 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A country's GDP is given by the following equation: GDP = C + I + G + \( X - M \). Explain the significance of each component of the equation.

Answer Options

Correct Answer A. C represents consumption, I represents investment, G represents government sp\ending, X represents exports, and M represents imports.
B. C represents consumption, I represents government sp\ending, G represents investment, X represents imports, and M represents exports.
C. C represents government sp\ending, I represents investment, G represents consumption, X represents exports, and M represents imports.
D. C represents consumption, I represents imports, G represents exports, X represents government sp\ending, and M represents investment.
Correct Answer
A
Correct Option:
C represents consumption, I represents investment, G represents government sp\ending, X represents exports, and M represents imports.

About This Question

This is Post Utme Delsu 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

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