Post Utme Oau 2021 Economics Question 38

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

Post Utme Oau 2021 Economics Objective / Multiple Choice

Question 38 POST_UTME_OAU • 2021 • ECONOMICS • objective

A country's GDP is given by GDP = C + I + G + \( X - M \). What is the meaning of each component, and how do they relate to the country's s\tandard of living?

Correct Answer A. C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports.

B. C is capital, I is income, G is government, X is exports, and M is imports.

C. C is consumption, I is investment, G is government sp\ending, X is imports, and M is exports.

D. C is capital, I is income, G is government, X is imports, and M is exports.

Correct Answer

Correct Option:

C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports.

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

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support