Post Utme Joseph Ayo Babalola University 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 28 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

The GDP of a country 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 100 billion, consumption is 60 billion, investment is 20 billion, government sp\ending is 10 billion, exports are 15 billion, and imports are 5 billion, what is the value of net exports?

Answer Options

A. 5 billion
B. 10 billion
Correct Answer C. 15 billion
D. 20 billion
Correct Answer
C
Correct Option:
15 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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