Post Utme Elizade University 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A country's economic growth rate is given by the equation: GDP growth rate = \( C + I + G + X - M \) / GDP. If the country's GDP is ₦10 trillion, and the values of C, I, G, X, and M are ₦2 trillion, ₦1 trillion, ₦500 billion, ₦1.5 trillion, and ₦1.2 trillion respectively, what is the country's economic growth rate?

Answer Options

A. 2%
Correct Answer B. 3%
C. 4%
D. 5%
Correct Answer
B
Correct Option:
3%

About This Question

This is Post Utme Elizade University 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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