Post Utme Afe Babalola University 2021 Economics Question 15
Practice objective / multiple choice question 15 from the 2021 Post Utme Afe Babalola University Economics examination.
A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's GDP is $100 billion, and C = $30 billion, I = $20 billion, G = $10 billion, X = $20 billion, and M = $15 billion, what is the value of the trade balance?
Answer Options
About This Question
This is Post Utme Afe Babalola University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.