Post Utme Afe Babalola University 2022 Economics Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Afe Babalola University Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's current GDP is 100 billion, consumption (C) is 40 billion, investment (I) is 20 billion, government sp\ending (G) is 30 billion, exports (X) are 25 billion, and imports (M) are 15 billion, what is the country's current trade balance?
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This is Post Utme Afe Babalola University 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Economics examination.
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