Post Utme Noun 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_NOUN • 2021 • ECONOMICS • objective

A country's GDP can be calculated u\sing the following formula: GDP = C + I + G + \( X - M \). If the country's consumption (C) is ₦100 billion, investment (I) is ₦50 billion, government sp\ending (G) is ₦75 billion, exports (X) are ₦200 billion, and imports (M) are ₦150 billion, what is the country's GDP?

Answer Options

A. ₦275 billion
Correct Answer B. ₦325 billion
C. ₦375 billion
D. ₦425 billion
Correct Answer
B
Correct Option:
₦325 billion

About This Question

This is Post Utme Noun 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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