Post Utme Ksu 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_KSU • 2023 • ECONOMICS • objective

A country's GDP can be calculated u\sing the following formula: \( 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

Correct Answer A. ₦1,100 billion
B. ₦1,200 billion
C. ₦1,300 billion
D. ₦1,400 billion
Correct Answer
A
Correct Option:
₦1,100 billion

About This Question

This is Post Utme Ksu 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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