Post Utme Elizade University 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2020 • 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 billion, and the current values of C, I, G, X, and M are ₦20 billion, ₦30 billion, ₦10 billion, ₦40 billion, and ₦20 billion respectively, what is the value of the country's net exports?

Answer Options

A. ₦10 billion
Correct Answer B. ₦20 billion
C. ₦30 billion
D. ₦40 billion
Correct Answer
B
Correct Option:
₦20 billion

About This Question

This is Post Utme Elizade University 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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