Post Utme Pan Atlantic University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. ₦1200
B. ₦1500
Correct Answer C. ₦1800
D. ₦2000
Correct Answer
C
Correct Option:
₦1800

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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