EconomicsNational incomeWAEC
Consumption is ₦500 bn, investment ₦200 bn, government spending ₦150 bn, exports ₦120 bn and imports ₦70 bn. Find GDP at market prices.
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Answer: C. ₦900 bn
GDP = C + I + G + (X − M) = 500 + 200 + 150 + 50 = ₦900 bn.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.