Post Utme Wellspring University 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Wellspring University Economics examination.
The gross domestic product (GDP) of a country is given by the equation GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the consumption is ₦500 billion, the investment is ₦200 billion, the government sp\ending is ₦300 billion, the exports are ₦100 billion, and the imports are ₦120 billion, what is the GDP?
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About This Question
This is Post Utme Wellspring University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.
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