Post Utme Futa 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 3 POST_UTME_FUTA • 2017 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G, where Y is the GDP, C is the consumption, I is the investment, and G is the government sp\ending. If the country's consumption is ₦100 billion, its investment is ₦50 billion, and its government sp\ending is ₦75 billion, find the country's GDP.

Answer Options

A. ₦225 billion
Correct Answer B. ₦250 billion
C. ₦275 billion
D. ₦300 billion
Correct Answer
B
Correct Option:
₦250 billion

About This Question

This is Post Utme Futa 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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