Post Utme Unn 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2021 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G, where Y is the GDP, C is the consumption, I is the investment, and G is the government sp\ending. If the consumption is ₦500 billion, the investment is ₦200 billion, and the government sp\ending is ₦300 billion, what is the country's GDP?

Answer Options

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

About This Question

This is Post Utme Unn 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support