Post Utme Veritas University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \), where C is the consumption, I is the investment, G is the government sp\ending, X is the exports and M is the imports. If the country's GDP is ₦100 billion, the consumption is ₦50 billion, the investment is ₦20 billion, the government sp\ending is ₦15 billion, the exports are ₦30 billion and the imports are ₦25 billion, find the value of the net exports.

Answer Options

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

About This Question

This is Post Utme Veritas University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Veritas University Economics examination.

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