Post Utme Veritas University 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_VERITAS_UNIVERSITY • 2023 • 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 naira, and its consumption, investment, and government sp\ending are 50 billion naira, 20 billion naira, and 30 billion naira respectively, what is the value of the country's exports?

Answer Options

A. 20 billion naira
B. 30 billion naira
Correct Answer C. 40 billion naira
D. 50 billion naira
Correct Answer
C
Correct Option:
40 billion naira

About This Question

This is Post Utme Veritas University 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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