Post Utme Aaua 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's current GDP is ₦1,500 billion, its consumption is ₦800 billion, its investment is ₦200 billion, its government sp\ending is ₦300 billion, its exports are ₦400 billion, and its imports are ₦200 billion, what is the country's current trade balance?

Answer Options

A. ₦200 billion
B. ₦300 billion
Correct Answer C. ₦400 billion
D. ₦500 billion
Correct Answer
C
Correct Option:
₦400 billion

About This Question

This is Post Utme Aaua 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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