Post Utme Uniben 2023 Economics Question 27
Practice objective / multiple choice question 27 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?
Answer Options
About This Question
This is Post Utme Uniben 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.