Post Utme Joseph Ayo Babalola University 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The formula for calculating the Gross Domestic Product (GDP) is given by: \( GDP = C + I + G + \( X - M \). What does the term \( C \) represent?

Answer Options

Correct Answer A. Consumption
B. Investment
C. Government Exp\enditure
D. Net Exports
Correct Answer
A
Correct Option:
Consumption

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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