Post Utme Ims U 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2024 • 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 current GDP is ₦1,500 billion, and the values of C, I, G, X, and M are ₦800 billion, ₦200 billion, ₦300 billion, ₦500 billion, and ₦400 billion, respectively, what is the value of the country's net exports?

Answer Options

A. ₦100 billion
Correct Answer B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Ims U 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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