Post Utme Rsu 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_RSU • 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 ₦10 trillion, and the values of C, I, G, X, and M are ₦3 trillion, ₦2 trillion, ₦1 trillion, ₦4 trillion, and ₦2 trillion respectively, determine the value of M.

Answer Options

A. ₦1 trillion
Correct Answer B. ₦2 trillion
C. ₦3 trillion
D. ₦4 trillion
Correct Answer
B
Correct Option:
₦2 trillion

About This Question

This is Post Utme Rsu 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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