Post Utme Elizade University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is given by the equation \( GDP = C + I + G + \( X - M \ \) ). If the country's consumption is \( C = 1000 \), investment is \( I = 500 \), government sp\ending is \( G = 2000 \), exports are \( X = 1500 \), and imports are \( M = 1000 \), find the country's GDP.

Answer Options

A. ₦6000
B. ₦7000
Correct Answer C. ₦8000
D. ₦9000
Correct Answer
C
Correct Option:
₦8000

About This Question

This is Post Utme Elizade University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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