Post Utme Rhema University 2022 Economics Question 32
Practice objective / multiple choice question 32 from the 2022 Post Utme Rhema University Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports, and M is the 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 the trade balance?
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About This Question
This is Post Utme Rhema University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.
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