Post Utme Wellspring University 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Wellspring University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Wellspring University Economics examination.

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