Post Utme Lead City University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation 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 ₦300 billion, calculate the country's GDP.

Answer Options

A. ₦1.5 trillion
Correct Answer B. ₦1.6 trillion
C. ₦1.7 trillion
D. ₦1.8 trillion
Correct Answer
B
Correct Option:
₦1.6 trillion

About This Question

This is Post Utme Lead City University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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