Post Utme Noun 2017 Economics Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Noun Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the consumption function is C = 100 + 0.8Y, the investment function is I = 200 + 0.2Y, the government sp\ending function is G = 300, the export function is X = 400 + 0.5Y, and the import function is M = 200 + 0.2Y, what is the equilibrium level of GDP?
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About This Question
This is Post Utme Noun 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.
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