Post Utme Delsu 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_DELSU • 2023 • 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 ₦5 trillion, consumption is ₦1.5 trillion, investment is ₦500 billion, government sp\ending is ₦1 trillion, exports are ₦2 trillion, and imports are ₦1.5 trillion, what is the value of X?

Answer Options

A. ₦2.5 trillion
Correct Answer B. ₦3 trillion
C. ₦3.5 trillion
D. ₦4 trillion
Correct Answer
B
Correct Option:
₦3 trillion

About This Question

This is Post Utme Delsu 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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