Post Utme Madonna University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

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 trillion, and the values of C, I, G, X, and M are ₦50 trillion, ₦20 trillion, ₦15 trillion, ₦30 trillion, and ₦25 trillion respectively, what is the value of the country's net exports?

Answer Options

A. ₦5 trillion
B. ₦10 trillion
Correct Answer C. ₦15 trillion
D. ₦20 trillion
Correct Answer
C
Correct Option:
₦15 trillion

About This Question

This is Post Utme Madonna University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.

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