Post Utme Madonna University 2022 Economics Question 28
Practice objective / multiple choice question 28 from the 2022 Post Utme Madonna University Economics examination.
The government of Nigeria wants to measure the national income of the country. The GDP formula is \( 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. If the government has a GDP of ₦10 trillion, consumption is ₦3 trillion, investment is ₦2 trillion, government sp\ending is ₦1 trillion, exports are ₦2 trillion, and imports are ₦1 trillion, find the national income.
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This is Post Utme Madonna University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.
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