Post Utme Rsu 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's GDP 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 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 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 Rsu 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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