Post Utme Noun 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A country's national income is given by N = C + I + G. If the country's consumption function is C = 100 + 0.8Y, the investment function is I = 200 + 0.2Y, and government exp\enditure is G = 500, calculate the national income.

Answer Options

A. ₦1,500
B. ₦1,600
Correct Answer C. ₦1,700
D. ₦1,800
Correct Answer
C
Correct Option:
₦1,700

About This Question

This is Post Utme Noun 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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