Post Utme Skyline University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's national income is calculated u\sing the formula Y = C + I + G + \( X - M \), where Y is the national income, 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 consumption is ₦5 trillion, the investment is ₦2 trillion, the government sp\ending is ₦1 trillion, the exports are ₦3 trillion, and the imports are ₦2 trillion, what is the national income?

Answer Options

A. ₦10 trillion
B. ₦11 trillion
Correct Answer C. ₦12 trillion
D. ₦13 trillion
Correct Answer
C
Correct Option:
₦12 trillion

About This Question

This is Post Utme Skyline University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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