Post Utme Igbinedion University 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP is given by GDP = 1000 + 2Y + 0.5Y^2, where Y is the country's income. If the country's GNP is given by GNP = 1200 + 3Y + 0.75Y^2, find the country's GDP and GNP when Y = 100.

Answer Options

A. GDP = 1200, GNP = 1500
B. GDP = 1500, GNP = 1800
Correct Answer C. GDP = 1800, GNP = 2100
D. GDP = 2100, GNP = 2400
Correct Answer
C
Correct Option:
GDP = 1800, GNP = 2100

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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