Post Utme Unilorin 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's consumption is 60% of its GDP, investment is 20% of its GDP, government sp\ending is 15% of its GDP, exports are 25% of its GDP, and imports are 10% of its GDP, calculate the country's GDP.

Answer Options

A. ₦1000
B. ₦1200
Correct Answer C. ₦1500
D. ₦1800
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Unilorin 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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