Post Utme Mountain Top University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the equation: GDP = C + I + G + \( X - M \). If the country's consumption (C) is $500 billion, investment (I) is $100 billion, government sp\ending (G) is $200 billion, exports (X) are $150 billion, and imports (M) are $120 billion, what is the country's GDP?

Answer Options

A. $750 billion
B. $800 billion
Correct Answer C. $850 billion
D. $900 billion
Correct Answer
C
Correct Option:
$850 billion

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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