Post Utme Veritas University 2018 Economics Question 40
Practice objective / multiple choice question 40 from the 2018 Post Utme Veritas University 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 ₦10 trillion, and the consumption is ₦3 trillion, the investment is ₦1 trillion, the government sp\ending is ₦2 trillion, the exports are ₦2 trillion, and the imports are ₦1 trillion, what is the value of the trade balance?
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About This Question
This is Post Utme Veritas University 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Veritas University Economics examination.
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