Post Utme Ksu 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_KSU • 2017 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where GDP is the Gross Domestic Product, C is the consumption, I is the investment, G is the government sp\ending, X is the value of exports, and M is the value of imports. If the consumption is ₦100, the investment is ₦80, the government sp\ending is ₦60, the value of exports is ₦120, and the value of imports is ₦100, what is the GDP?

Answer Options

A. ₦280
B. ₦300
Correct Answer C. ₦320
D. ₦340
Correct Answer
C
Correct Option:
₦320

About This Question

This is Post Utme Ksu 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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