Post Utme Ims U 2020 Economics Question 12
Practice objective / multiple choice question 12 from the 2020 Post Utme Ims U Economics examination.
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, investment function is I = 200 + 0.2Y, government sp\ending is G = 1000, and the trade balance is X - M = 500, what is the country's equilibrium GDP?
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About This Question
This is Post Utme Ims U 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.
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