Post Utme Lasu 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2023 • ECONOMICS • objective

A country's GDP is given by \( GDP = C + I + G + \( X - M \ \) ). If the country's consumption is \( C = 100 \), investment is \( I = 50 \), government sp\ending is \( G = 20 \), exports are \( X = 30 \), and imports are \( M = 10 \), what is the country's GDP?

Answer Options

A. GDP = 180
B. GDP = 190
Correct Answer C. GDP = 200
D. GDP = 210
Correct Answer
C
Correct Option:
GDP = 200

About This Question

This is Post Utme Lasu 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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