Post Utme Osustech 2022 Economics Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Osustech 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 ₦10 trillion, and the country's consumption, investment, government sp\ending, exports, and imports are ₦3 trillion, ₦2 trillion, ₦1 trillion, ₦2 trillion, and ₦1 trillion respectively, what is the value of X - M?
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About This Question
This is Post Utme Osustech 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.
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