Post Utme Achievers University 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports, and M is the imports. If the country's GDP is $100 billion, consumption is $60 billion, investment is $20 billion, government sp\ending is $15 billion, exports are $30 billion, and imports are $20 billion, what is the value of the country's net exports?

Answer Options

Correct Answer A. $5 billion
B. $10 billion
C. $15 billion
D. $20 billion
Correct Answer
A
Correct Option:
$5 billion

About This Question

This is Post Utme Achievers University 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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