Post Utme Oau 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_OAU • 2021 • ECONOMICS • objective

The GDP of a country is given by the equation GDP = C + I + G + \( X - M \). If the country's consumption is ₦500 billion, investment is ₦200 billion, government exp\enditure is ₦300 billion, exports are ₦400 billion, and imports are ₦200 billion, what is the country's GDP?

Answer Options

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

About This Question

This is Post Utme Oau 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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