Post Utme Coal City University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \). If the country's current GDP is ₦100 trillion, and the current values of C, I, G, X, and M are ₦20 trillion, ₦15 trillion, ₦10 trillion, ₦25 trillion, and ₦15 trillion respectively, calculate the country's current trade balance.

Answer Options

A. ₦5 trillion
Correct Answer B. ₦10 trillion
C. ₦15 trillion
D. ₦20 trillion
Correct Answer
B
Correct Option:
₦10 trillion

About This Question

This is Post Utme Coal City University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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