Post Utme Futo 2024 Economics Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Futo Economics examination.
A country's GDP is given by GDP = C + I + G + \( X - M \). If the country's consumption function is given by C = 100 + 0.8Y, the country's investment function is given by I = 50 + 0.2Y, the country's government sp\ending function is given by G = 200, and the country's trade balance function is given by \( X - M \) = 100, what is the country's GDP?
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About This Question
This is Post Utme Futo 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.
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