Post Utme Summit University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

The GDP of a country 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 consumption is ₦500, the investment is ₦200, the government sp\ending is ₦300, the exports are ₦400 and the imports are ₦200, find the GDP.

Answer Options

A. ₦1500
B. ₦2000
Correct Answer C. ₦2500
D. ₦3000
Correct Answer
C
Correct Option:
₦2500

About This Question

This is Post Utme Summit University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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