Post Utme Futo 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A country's GDP is given by the equation: GDP = C + I + G + \( X - M \). If the country's consumption is ₦50 billion, investment is ₦20 billion, government sp\ending is ₦30 billion, exports are ₦100 billion, and imports are ₦80 billion, what is the country's GDP?

Answer Options

A. ₦120 billion
Correct Answer B. ₦150 billion
C. ₦180 billion
D. ₦200 billion
Correct Answer
B
Correct Option:
₦150 billion

About This Question

This is Post Utme Futo 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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