Post Utme Esut 2023 Economics Question 3
Practice objective / multiple choice question 3 from the 2023 Post Utme Esut Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports, and M is the imports. If the country's GDP is ₦1 trillion, consumption is ₦300 billion, investment is ₦200 billion, government sp\ending is ₦100 billion, exports are ₦500 billion, and imports are ₦200 billion, find the country's GDP.
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About This Question
This is Post Utme Esut 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.
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