Post Utme Futa 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Futa Economics examination.

Post Utme Futa 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_FUTA • 2023 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's consumption is ₦100 billion, investment is ₦50 billion, government sp\ending is ₦75 billion, exports are ₦200 billion, and imports are ₦150 billion, what is the country's GDP?

Answer Options

A. ₦425 billion
Correct Answer B. ₦450 billion
C. ₦475 billion
D. ₦500 billion
Correct Answer
B
Correct Option:
₦450 billion

About This Question

This is Post Utme Futa 2023 Economics Question 13. It is one of the objective questions from the 2023 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.

Unlock Full Access Available for Android & Windows
Chat with Support