Post Utme Elizade University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's consumption is ₦1000 billion, investment is ₦200 billion, government sp\ending is ₦300 billion, exports are ₦500 billion, and imports are ₦400 billion, what is the country's GDP?

Answer Options

A. ₦2000 billion
B. ₦2500 billion
Correct Answer C. ₦3000 billion
D. ₦3500 billion
Correct Answer
C
Correct Option:
₦3000 billion

About This Question

This is Post Utme Elizade University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

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