Post Utme Unilorin 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A country's GDP is given by the following equation: GDP = C + I + G + \( X - M \). If the country's consumption is $500 billion, investment is $100 billion, government sp\ending is $200 billion, exports are $150 billion, and imports are $120 billion, what is the GDP?

Answer Options

A. $1.1 trillion
Correct Answer B. $1.2 trillion
C. $1.3 trillion
D. $1.4 trillion
Correct Answer
B
Correct Option:
$1.2 trillion

About This Question

This is Post Utme Unilorin 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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