Post Utme Aaua 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2Y, where M is the quantity imported and Y is the country's income. The export supply function is given by X = 2Y - 50. Find the balance of payments equilibrium.

Answer Options

Correct Answer A. M = 50, X = 50
B. M = 75, X = 75
C. M = 100, X = 100
D. M = 125, X = 125
Correct Answer
A
Correct Option:
M = 50, X = 50

About This Question

This is Post Utme Aaua 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

View More Post Utme Aaua 2021 Economics Questions More Post Utme Aaua Practice Questions Back to Questions

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