Post Utme Joseph Ayo Babalola University 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP can be calculated u\sing the following formula: GDP = C + I + G + \( X - M \). If the country's consumption is ₦100 billion, investment is ₦50 billion, government sp\ending is ₦75 billion, exports are ₦200 billion, and imports are ₦150 billion, what is the country's GDP?

Answer Options

A. ₦425 billion
B. ₦475 billion
Correct Answer C. ₦525 billion
D. ₦575 billion
Correct Answer
C
Correct Option:
₦525 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

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