Post Utme Redeemers University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's consumption is $100 billion, its investment is $50 billion, its government sp\ending is $20 billion, its exports are $80 billion, and its imports are $40 billion, what is the country's GDP?

Answer Options

Correct Answer A. $150 billion
B. $200 billion
C. $250 billion
D. $300 billion
Correct Answer
A
Correct Option:
$150 billion

About This Question

This is Post Utme Redeemers University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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