Post Utme Lautech 2018 Economics Question 29
Practice objective / multiple choice question 29 from the 2018 Post Utme Lautech Economics examination.
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 100 billion, consumption is 30 billion, investment is 20 billion, government sp\ending is 15 billion, exports are 25 billion, and imports are 10 billion, what is the value of the trade balance?
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About This Question
This is Post Utme Lautech 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.
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