Post Utme Futo 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A country's GDP is given by GDP = C + I + G + \( X - M \). If the country's consumption (C) is ₦500 billion, investment (I) is ₦200 billion, government sp\ending (G) is ₦300 billion, exports (X) are ₦400 billion, and imports (M) are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1.5 trillion
B. ₦1.8 trillion
Correct Answer C. ₦2.1 trillion
D. ₦2.4 trillion
Correct Answer
C
Correct Option:
₦2.1 trillion

About This Question

This is Post Utme Futo 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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