Post Utme Joseph Ayo Babalola University 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is given by \( Y = 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. ₦1.6 trillion
Correct Answer C. ₦1.7 trillion
D. ₦1.8 trillion
Correct Answer
C
Correct Option:
₦1.7 trillion

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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