Post Utme Al Hikmah University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2017 Economics Objective / Multiple Choice

Question 33 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). What is the meaning of the term \( X - M \)?

Answer Options

Correct Answer A. The value of exports minus the value of imports

B. The value of imports minus the value of exports

C. The value of government sp\ending minus the value of investment

D. The value of consumption minus the value of government sp\ending

Correct Answer

Correct Option:

The value of exports minus the value of imports

About This Question

This is Post Utme Al Hikmah University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Economics examination.

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