Post Utme Oau 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2017 • ECONOMICS • objective

A country's GDP is given by 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 consumption is $200 billion, investment is $50 billion, government sp\ending is $100 billion, exports are $150 billion, and imports are $100 billion, what is its GDP?

Answer Options

A. $300 billion
B. $400 billion
Correct Answer C. $500 billion
D. $600 billion
Correct Answer
C
Correct Option:
$500 billion

About This Question

This is Post Utme Oau 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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