Post Utme Noun 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G. If the country's consumption function is C = 100 + 0.8Y, the investment function is I = 200 + 0.2Y, and government sp\ending is G = 500, find the country's equilibrium GDP.

Answer Options

A. ₦1000
B. ₦1500
Correct Answer C. ₦2000
D. ₦2500
Correct Answer
C
Correct Option:
₦2000

About This Question

This is Post Utme Noun 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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