Post Utme Lautech 2023 Economics Question 8
Practice objective / multiple choice question 8 from the 2023 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 $60 billion, investment is $20 billion, government sp\ending is $10 billion, exports are $30 billion, and imports are $20 billion, what is the country's balance of trade?
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About This Question
This is Post Utme Lautech 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.
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