Post Utme Igbinedion University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the following equation: GDP = C + I + G + \( X - M \). If the country's consumption is $500 billion, investment is $100 billion, government sp\ending is $200 billion, exports are $300 billion, and imports are $200 billion, what is the country's GDP?

Answer Options

A. 1000
B. 1100
Correct Answer C. 1200
D. 1300
Correct Answer
C
Correct Option:
1200

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support