Post Utme Caleb University 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A country's imports and exports are given by the following equations: I = 100 + 2Y and X = 50 + 0.5Y, where Y is the country's GDP. If the country's GDP is ₦500 billion, what is the balance of trade?

Answer Options

A. ₦150 billion
Correct Answer B. ₦200 billion
C. ₦250 billion
D. ₦300 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Caleb University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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