Post Utme Uniben 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIBEN • 2019 • 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 ₦100 billion, and the values of C, I, G, X, and M are ₦50 billion, ₦20 billion, ₦15 billion, ₦30 billion, and ₦25 billion respectively, find the value of net exports.

Answer Options

A. ₦5 billion
B. ₦10 billion
Correct Answer C. ₦15 billion
D. ₦20 billion
Correct Answer
C
Correct Option:
₦15 billion

About This Question

This is Post Utme Uniben 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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