Post Utme Lead City University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP is given by the equation: GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. Determine the value of GDP if C = ₦1000, I = ₦200, G = ₦300, X = ₦400, and M = ₦500.

Answer Options

A. ₦1500
B. ₦2000
C. ₦2500
Correct Answer D. ₦3000
Correct Answer
D
Correct Option:
₦3000

About This Question

This is Post Utme Lead City University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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