Post Utme Rhema University 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). If the country's current GDP is 100 billion, and the values of C, I, and G are 20, 30, and 10 billion respectively, what is the value of net exports \( X - M \)?

Answer Options

A. 20 billion
B. 30 billion
Correct Answer C. 40 billion
D. 50 billion
Correct Answer
C
Correct Option:
40 billion

About This Question

This is Post Utme Rhema University 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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