Post Utme Skyline University 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where GDP is the gross domestic product, C is the consumption, I is the investment, G is the government sp\ending, X is the value of exports, and M is the value of imports. If the consumption is 500, the investment is 200, the government sp\ending is 300, the value of exports is 100, and the value of imports is 80, what is the GDP?

Answer Options

A. 900
Correct Answer B. 1000
C. 1100
D. 1200
Correct Answer
B
Correct Option:
1000

About This Question

This is Post Utme Skyline University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

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