Neco 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Neco Economics examination.

Neco 2018 Economics Objective / Multiple Choice Easy Difficulty
Question 10 NECO • 2018 • ECONOMICS • objective

Using the expenditure approach, calculate the Gross Domestic Product (GDP) for an economy with the following components (in millions of naira): Consumption = 2,500; Investment = 800; Government spending = 1,200; Exports = 500; Imports = 600.

Answer Options

A. 4200
B. 5000
Correct Answer C. 4400
D. 3400
Correct Answer
C
Correct Option:
4400

About This Question

This is Neco 2018 Economics Question 10. It is one of the objective questions from the 2018 Neco Economics examination.

Difficulty level: Easy .

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