Post Utme Osustech 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A country's economic growth rate is given by the following equation: GDP = C + I + G + X - M. If the country's consumption (C) is ₦500 billion, investment (I) is ₦200 billion, government sp\ending (G) is ₦300 billion, exports (X) are ₦100 billion, and imports (M) are ₦80 billion, what is the country's GDP?

Answer Options

Correct Answer A. ₦1.2 trillion
B. ₦1.1 trillion
C. ₦1.0 trillion
D. ₦0.9 trillion
Correct Answer
A
Correct Option:
₦1.2 trillion

About This Question

This is Post Utme Osustech 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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