Post Utme Osustech 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Osustech Economics examination.

Post Utme Osustech 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2022 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where GDP is the gross domestic product, C is the consumption, I is the investment, G is the government sp\ending, X is the value of exports, and M is the value of imports. If the consumption is 500, the investment is 200, the government sp\ending is 300, the value of exports is 100, and the value of imports is 80, what is the GDP?

Answer Options

A. 1000
Correct Answer B. 1200
C. 1400
D. 1600
Correct Answer
B
Correct Option:
1200

About This Question

This is Post Utme Osustech 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.

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