Post Utme Futa 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_FUTA • 2017 • ECONOMICS • objective

A country's national income is given by the following equation: NI = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's consumption is ₦500 billion, its investment is ₦200 billion, its government sp\ending is ₦300 billion, its exports are ₦500 billion, and its imports are ₦600 billion, what is its national income?

Answer Options

A. ₦1.5 trillion
Correct Answer B. ₦1.6 trillion
C. ₦1.7 trillion
D. ₦1.8 trillion
Correct Answer
B
Correct Option:
₦1.6 trillion

About This Question

This is Post Utme Futa 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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