Post Utme Uniport 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

A country's GDP can be calculated u\sing the formula: 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, consumption is ₦3 trillion, investment is ₦1 trillion, government sp\ending is ₦2 trillion, exports are ₦4 trillion, and imports are ₦2 trillion, what is the value of the country's net exports?

Answer Options

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

About This Question

This is Post Utme Uniport 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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