Gce Model Questions Vol1 2020 Economics Question 41
Practice objective / multiple choice question 41 from the 2020 Gce Model Questions Vol1 Economics examination.
The economy's gross domestic product (GDP) is \(\text{₦}12{,}000\) bn. Government spending is \(\text{₦}3{,}200\) bn and investment (including a change in inventories of \(\text{₦}200\) bn) is \(\text{₦}1{,}800\) bn. Net exports equal 6 % of GDP. Using the expenditure approach, calculate the level of consumption \(C\) (in billions of naira).
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 41. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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