Post Utme Futo 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Futo Economics examination.

Post Utme Futo 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_FUTO • 2017 • 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 ₦20 billion, government exp\enditure is ₦30 billion, exports are ₦40 billion, and imports are ₦20 billion, determine the country's GDP.

Answer Options

A. ₦180 billion
B. ₦200 billion
C. ₦220 billion
Correct Answer D. ₦240 billion
Correct Answer
D
Correct Option:
₦240 billion

About This Question

This is Post Utme Futo 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Futo Economics examination.

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