Post Utme Rhema University 2021 Economics Question 22
Practice objective / multiple choice question 22 from the 2021 Post Utme Rhema University Economics examination.
A country's GDP is given by the formula \( 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 $50 billion, investment is $20 billion, government sp\ending is $30 billion, exports are $40 billion, and imports are $20 billion, what is the value of \( X - M \)?
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About This Question
This is Post Utme Rhema University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.
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