Post Utme Esut 2019 Economics Question 24
Practice objective / multiple choice question 24 from the 2019 Post Utme Esut Economics examination.
A country's GDP is given by \( 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 the values of C, I, G, X, and M are $50 billion, $20 billion, $30 billion, $40 billion, and $20 billion respectively, what is the country's trade balance?
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About This Question
This is Post Utme Esut 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.
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