Post Utme Wellspring University 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • COMMERCE • objective

A country's GDP is given by the equation GDP = C + I + G + (X - M). If the country's consumption is 500 billion, its investment is 200 billion, its government spending is 300 billion, its exports are 100 billion, and its imports are 80 billion, what is the country's GDP?

Answer Options

A. 1.2 trillion
B. 1.3 trillion
Correct Answer C. 1.4 trillion
D. 1.5 trillion
Correct Answer
C
Correct Option:
1.4 trillion

About This Question

This is Post Utme Wellspring University 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Wellspring University Commerce 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