Post Utme Madonna University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is given by GNP = 100 + 0.2Y, where Y is national income. If the country's national income is $500, what is its GDP?

Answer Options

A. $100
B. $110
Correct Answer C. $120
D. $130
Correct Answer
C
Correct Option:
$120

About This Question

This is Post Utme Madonna University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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