Post Utme Futo 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A country's GDP is calculated u\sing the following formula: \( GDP = C + I + G + \( X - M \ \)). If the country's consumption is ₦120 billion, investment is ₦80 billion, government sp\ending is ₦60 billion, exports are ₦100 billion, and imports are ₦80 billion, what is the country's GDP?

Answer Options

A. ₦280 billion
B. ₦300 billion
Correct Answer C. ₦320 billion
D. ₦340 billion
Correct Answer
C
Correct Option:
₦320 billion

About This Question

This is Post Utme Futo 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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