Post Utme Lautech 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A country's money supply is given by the equation: M = \( C + I + G \) - \( T + X \), where M is the money supply, C is the value of consumption, I is the value of investment, G is the value of government sp\ending, T is the value of taxes, and X is the value of exports. If the country's money supply is ₦500 billion, the value of consumption is ₦300 billion, the value of investment is ₦200 billion, the value of government sp\ending is ₦150 billion, the value of taxes is ₦100 billion, and the value of exports is ₦50 billion, what is the value of M?

Answer Options

A. ₦550 billion
Correct Answer B. ₦600 billion
C. ₦650 billion
D. ₦700 billion
Correct Answer
B
Correct Option:
₦600 billion

About This Question

This is Post Utme Lautech 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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