Post Utme Uniport 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice

Question 33 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

The concept of national income accounting refers to the measurement of a country's economic activity. What is the formula for calculating the Gross Domestic Product (GDP)?

Answer Options

Correct Answer A. GDP = C + I + G + \( X - M \)

B. GDP = C + I + G - \( X - M \)

C. GDP = C + I - G + \( X - M \)

D. GDP = C - I - G + \( X - M \)

Correct Answer

Correct Option:

GDP = C + I + G + \( X - M \)

About This Question

This is Post Utme Uniport 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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