Post Utme Elizade University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G, where C is consumption, I is investment, and G is government sp\ending. If the country's GDP is ₦1 trillion, and the consumption and investment are ₦500 billion and ₦200 billion respectively, what is the government sp\ending?

Answer Options

A. ₦100 billion
B. ₦200 billion
Correct Answer C. ₦300 billion
D. ₦400 billion
Correct Answer
C
Correct Option:
₦300 billion

About This Question

This is Post Utme Elizade University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Elizade 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.

Unlock Full Access Available for Android & Windows
Chat with Support