Post Utme Joseph Ayo Babalola University 2017 Economics Question 13
Practice objective / multiple choice question 13 from the 2017 Post Utme Joseph Ayo Babalola University 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, the investment function is I = 200 + 0.2Y, the government exp\enditure function is G = 1000, the export function is X = 5000, and the import function is M = 2000, what is the country's GDP?
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This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.
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