Post Utme Veritas University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is given by \( GDP = C + I + G + \( X - M \ \) ). If the country's consumption is ₦500 billion, investment is ₦200 billion, government sp\ending is ₦300 billion, exports are ₦400 billion, and imports are ₦200 billion, what is the country's GDP?

Answer Options

A. ₦1,500 billion
Correct Answer B. ₦1,600 billion
C. ₦1,700 billion
D. ₦1,800 billion
Correct Answer
B
Correct Option:
₦1,600 billion

About This Question

This is Post Utme Veritas University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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