Post Utme Futa 2020 Economics Question 19
Practice objective / multiple choice question 19 from the 2020 Post Utme Futa Economics examination.
A country's GDP is given by the equation GDP = 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 ₦120 billion, and its imports are ₦100 billion, what is the value of the GDP?
Answer Options
About This Question
This is Post Utme Futa 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.