Post Utme Osustech 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A country's GDP is given by \( GDP = 100 + 20Y \), where Y is the country's income. If the country's income is \( Y = 500 \), find the country's GDP.

Answer Options

A. \( GDP = 100 + 20\( 500 \ \) = 1100 )
Correct Answer B. \( GDP = 100 + 20\( 500 \ \) = 1200 )
C. \( GDP = 100 + 20\( 500 \ \) = 1300 )
D. \( GDP = 100 + 20\( 500 \ \) = 1400 )
Correct Answer
B
Correct Option:
\( GDP = 100 + 20\( 500 \ \) = 1200 )

About This Question

This is Post Utme Osustech 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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