Post Utme Eksu 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 4 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports, and M is the imports. If the country's consumption is 500, investment is 200, government sp\ending is 300, exports are 400, and imports are 200, what is the GDP?

Answer Options

A. $1500
B. $1600
Correct Answer C. $1700
D. $1800
Correct Answer
C
Correct Option:
$1700

About This Question

This is Post Utme Eksu 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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