Post Utme Futo 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2020 • ECONOMICS • objective

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

Answer Options

A. ₦1.5 trillion
B. ₦1.6 trillion
Correct Answer C. ₦1.7 trillion
D. ₦1.8 trillion
Correct Answer
C
Correct Option:
₦1.7 trillion

About This Question

This is Post Utme Futo 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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