Post Utme Skyline University 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_SKYLINE_UNIVERSITY • 2020 • COMMERCE • objective

A country's GDP can be calculated using the following formula: GDP = C + I + G + (X - M). If the country's consumption is ₦500 billion, investment is ₦200 billion, government spending is ₦300 billion, exports are ₦400 billion, and imports are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1.2 trillion
Correct Answer B. ₦1.3 trillion
C. ₦1.4 trillion
D. ₦1.5 trillion
Correct Answer
B
Correct Option:
₦1.3 trillion

About This Question

This is Post Utme Skyline University 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Skyline University Commerce examination.

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