Post Utme Igbinedion University 2017 Economics Question 20
Practice objective / multiple choice question 20 from the 2017 Post Utme Igbinedion University Economics examination.
A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where GDP is the gross domestic product, C is the consumption, I is the investment, G is the government sp\ending, X is the value of exports, and M is the value of imports. If the consumption is $500 billion, the investment is $200 billion, the government sp\ending is $300 billion, the value of exports is $100 billion, and the value of imports is $120 billion, what is the gross domestic product?
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About This Question
This is Post Utme Igbinedion University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.
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