Post Utme Lautech 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice

Question 33 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

A country's GDP is calculated as the sum of all final goods and services produced within its borders. What is the formula for calculating a country's GDP?

Answer Options

Correct Answer A. GDP = C + I + G + \( X - M \)

B. GDP = C + I + G + X

C. GDP = C + I + G - M

D. GDP = C + I + G + M

Correct Answer

Correct Option:

GDP = C + I + G + \( X - M \)

About This Question

This is Post Utme Lautech 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

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