Post Utme Unn 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2020 • 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, consumption is $50 billion, investment is $20 billion, government sp\ending is $30 billion, exports are $40 billion, and imports are $20 billion, what is the value of the country's net exports?

Answer Options

Correct Answer A. $10 billion
B. $20 billion
C. $30 billion
D. $40 billion
Correct Answer
A
Correct Option:
$10 billion

About This Question

This is Post Utme Unn 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support