Post Utme Crawford University 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • 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 ₦1000 billion, and the values of C, I, G, X, and M are ₦300 billion, ₦200 billion, ₦100 billion, ₦400 billion, and ₦200 billion respectively, what is the value of the country's net exports?

Answer Options

Correct Answer A. ₦100 billion
B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Crawford University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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