Post Utme Noun 2024 Economics Question 34
Practice objective / multiple choice question 34 from the 2024 Post Utme Noun 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 country's balance of trade?
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About This Question
This is Post Utme Noun 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.
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