Post Utme Wellspring University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP 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 country's consumption is ₦100 billion, investment is ₦20 billion, government sp\ending is ₦30 billion, exports are ₦50 billion, and imports are ₦40 billion, what is the GDP?

Answer Options

A. ₦200 billion
B. ₦250 billion
Correct Answer C. ₦300 billion
D. ₦350 billion
Correct Answer
C
Correct Option:
₦300 billion

About This Question

This is Post Utme Wellspring University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.

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