Post Utme Redeemers University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \). 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?

Answer Options

A. $180 billion
Correct Answer B. $200 billion
C. $220 billion
D. $240 billion
Correct Answer
B
Correct Option:
$200 billion

About This Question

This is Post Utme Redeemers University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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