Post Utme Esut 2022 Economics Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 30 POST_UTME_ESUT • 2022 • 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 ₦500 billion, consumption is ₦150 billion, investment is ₦50 billion, government sp\ending is ₦100 billion, exports are ₦200 billion, and imports are ₦150 billion, what is the value of net exports?

Answer Options

Correct Answer A. ₦50 billion
B. ₦50 billion
C. ₦50 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦50 billion

About This Question

This is Post Utme Esut 2022 Economics Question 30. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support