Post Utme Uniben 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A country's GNP is given by the equation GNP = GDP + \( X - M \), where GDP is the gross domestic product, X is exports, and M is imports. If the GDP is ₦1,200 billion, exports are ₦100 billion, and imports are ₦120 billion, what is the GNP?

Answer Options

Correct Answer A. ₦1,300 billion
B. ₦1,400 billion
C. ₦1,500 billion
D. ₦1,600 billion
Correct Answer
A
Correct Option:
₦1,300 billion

About This Question

This is Post Utme Uniben 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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