Post Utme Eksu 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_EKSU • 2017 • 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 ₦500 billion, investment (I) is ₦200 billion, government sp\ending (G) is ₦300 billion, exports (X) are ₦400 billion, and imports (M) are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1.3 trillion
Correct Answer B. ₦1.5 trillion
C. ₦1.7 trillion
D. ₦2.0 trillion
Correct Answer
B
Correct Option:
₦1.5 trillion

About This Question

This is Post Utme Eksu 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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