Post Utme Redeemers University 2021 Economics Question 25
Practice objective / multiple choice question 25 from the 2021 Post Utme Redeemers University Economics examination.
A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's consumption is ₦100 billion, investment is ₦20 billion, government sp\ending is ₦30 billion, exports are ₦50 billion, and imports are ₦20 billion, what is the country's GDP?
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About This Question
This is Post Utme Redeemers University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.
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