Post Utme Elizade University 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is consumption, I is investment, G is government sp\ending, X is exports and M is imports. If the country's current GDP is ₦10 trillion, consumption is ₦3 trillion, investment is ₦2 trillion, government sp\ending is ₦1 trillion, exports are ₦4 trillion and imports are ₦2 trillion, what is the value of the country's net exports?

Answer Options

A. ₦1 trillion
B. ₦2 trillion
C. ₦3 trillion
Correct Answer D. ₦4 trillion
Correct Answer
D
Correct Option:
₦4 trillion

About This Question

This is Post Utme Elizade University 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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