Post Utme Nile University 2018 Economics Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Nile University Economics examination.
A country's GDP is given by the formula 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 GDP is ₦500 billion, consumption is ₦150 billion, investment is ₦100 billion, government sp\ending is ₦50 billion, exports are ₦200 billion, and imports are ₦100 billion, what is the value of the country's GDP?
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About This Question
This is Post Utme Nile University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.
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