Post Utme Wellspring University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • 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 ₦100 billion, the investment is ₦50 billion, and the government sp\ending is ₦20 billion, what is the GDP?

Answer Options

A. ₦170 billion
B. ₦180 billion
C. ₦190 billion
Correct Answer D. ₦200 billion
Correct Answer
D
Correct Option:
₦200 billion

About This Question

This is Post Utme Wellspring University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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