Post Utme Ims U 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A country's GDP can be calculated u\sing the formula \( GDP = C + I + G + \( X - M \ \) ). If the country's consumption is ₦500 billion, investment is ₦200 billion, government sp\ending is ₦300 billion, exports are ₦400 billion, and imports are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1.5 trillion
B. ₦1.8 trillion
Correct Answer C. ₦2.0 trillion
D. ₦2.2 trillion
Correct Answer
C
Correct Option:
₦2.0 trillion

About This Question

This is Post Utme Ims U 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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