Post Utme Bowen University 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

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, consumption is $50 billion, investment is $20 billion, government sp\ending is $15 billion, exports are $30 billion, and imports are $25 billion, find the value of X.

Answer Options

A. $35 billion
B. $40 billion
C. $45 billion
Correct Answer D. $50 billion
Correct Answer
D
Correct Option:
$50 billion

About This Question

This is Post Utme Bowen University 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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