Post Utme Ksu 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_KSU • 2017 • ECONOMICS • objective

A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is GDP, 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 $15 billion, exports are $30 billion, and imports are $20 billion, what is the value of the country's net exports?

Answer Options

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

About This Question

This is Post Utme Ksu 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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