Post Utme Ui 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_UI • 2017 • 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 ₦5,000 billion, consumption is ₦1,500 billion, investment is ₦500 billion, government sp\ending is ₦1,000 billion, exports are ₦1,200 billion, and imports are ₦800 billion, what is the value of X?

Answer Options

A. ₦1,200
Correct Answer B. ₦1,500
C. ₦1,800
D. ₦2,000
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Ui 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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