Post Utme Mountain Top University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is given by 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 country's current GDP is 1000, and the values of the other variables are C = 200, I = 100, G = 50, X = 150, and M = 50, respectively, what is the country's current consumption?

Answer Options

A. 150
Correct Answer B. 200
C. 250
D. 300
Correct Answer
B
Correct Option:
200

About This Question

This is Post Utme Mountain Top University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.

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