Post Utme Rhema University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the equation \( GDP = C + I + G + \( X - M \ \) ). If the country's consumption is ₦500 billion, investment is ₦200 billion, government sp\ending is ₦300 billion, exports are ₦600 billion, and imports are ₦400 billion, find the country's GDP.

Answer Options

A. ₦1.5 trillion
Correct Answer B. ₦1.8 trillion
C. ₦2.2 trillion
D. ₦2.5 trillion
Correct Answer
B
Correct Option:
₦1.8 trillion

About This Question

This is Post Utme Rhema University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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