Post Utme Uniben 2023 Economics Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Uniben Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's consumption function is C = 500 + 0.8Y, its investment function is I = 200 + 0.2Y, and its government sp\ending is G = 1000, what is the country's equilibrium GDP?
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About This Question
This is Post Utme Uniben 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.
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