Post Utme Uniben 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the consumption is ₦500 billion, investment is ₦200 billion, government sp\ending is ₦300 billion, exports are ₦100 billion, and imports are ₦120 billion, what is the GDP?

Answer Options

A. ₦1,200 billion
Correct Answer B. ₦1,300 billion
C. ₦1,400 billion
D. ₦1,500 billion
Correct Answer
B
Correct Option:
₦1,300 billion

About This Question

This is Post Utme Uniben 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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