Post Utme Greenfield University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's consumption function is C = 500 + 0.8Y, the investment function is I = 100 + 0.2Y, the government sp\ending function is G = 200, the export function is X = 1000, and the import function is M = 500, what is the country's GDP?

Answer Options

A. ₦10000
B. ₦12000
Correct Answer C. ₦15000
D. ₦18000
Correct Answer
C
Correct Option:
₦15000

About This Question

This is Post Utme Greenfield University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Greenfield University Economics examination.

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