Post Utme Veritas University 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 9 POST_UTME_VERITAS_UNIVERSITY • 2020 • 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, the investment is ₦200, and the government sp\ending is ₦300, what is the GDP?

Answer Options

A. ₦1000
B. ₦1100
Correct Answer C. ₦1200
D. ₦1300
Correct Answer
C
Correct Option:
₦1200

About This Question

This is Post Utme Veritas University 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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