Post Utme Uniben 2017 Economics Question 30
Practice objective / multiple choice question 30 from the 2017 Post Utme Uniben Economics examination.
A country's GDP is given by 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 trillion, consumption is ₦1.5 trillion, investment is ₦500 billion, government sp\ending is ₦1 trillion, exports are ₦1.2 trillion, and imports are ₦800 billion, what is the country's balance of trade?
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About This Question
This is Post Utme Uniben 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.
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