Post Utme Elizade University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's GDP is calculated as follows: GDP = C + I + G + \( X - M \). If the country's consumption (C) is ₦100 billion, investment (I) is ₦50 billion, government sp\ending (G) is ₦20 billion, exports (X) are ₦80 billion, and imports (M) are ₦30 billion, what is the country's GDP?

Answer Options

A. ₦180 billion
B. ₦200 billion
Correct Answer C. ₦220 billion
D. ₦240 billion
Correct Answer
C
Correct Option:
₦220 billion

About This Question

This is Post Utme Elizade University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Elizade University Economics examination.

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