Post Utme Madonna University 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. U\sing the concept of national income accounting, find the value of Y if C = 100, I = 50, G = 75, X = 150, and M = 100.

Answer Options

A. Y = 250
Correct Answer B. Y = 300
C. Y = 350
D. Y = 400
Correct Answer
B
Correct Option:
Y = 300

About This Question

This is Post Utme Madonna University 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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