Post Utme Lautech 2024 Economics Question 23
Practice objective / multiple choice question 23 from the 2024 Post Utme Lautech Economics examination.
A country's national income is given by the equation Y = C + I + G + \( X - M \), where Y is the national income, C is consumption, I is investment, G is government sp\ending, X is exports, and M is imports. If the country's national income is $100 billion, consumption is $50 billion, investment is $20 billion, government sp\ending is $15 billion, exports are $30 billion, and imports are $20 billion, find the value of X.
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This is Post Utme Lautech 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.
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