Post Utme Covenant University 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2017 • 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, and C = ₦30 billion, I = ₦20 billion, G = ₦15 billion, X = ₦25 billion, and M = ₦10 billion, what is the value of X?

Answer Options

A. ₦20 billion
Correct Answer B. ₦25 billion
C. ₦30 billion
D. ₦35 billion
Correct Answer
B
Correct Option:
₦25 billion

About This Question

This is Post Utme Covenant University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support