Post Utme Oau 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_OAU • 2024 • 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 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 value of net exports?

Answer Options

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

About This Question

This is Post Utme Oau 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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