Post Utme Aaua 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports (X) are given by X = 100 + 2Y and its imports (M) are given by M = 50 + 3Y, what is the country's balance of payments (BOP) when Y = 10?

Answer Options

A. ₦50
B. ₦100
Correct Answer C. ₦150
D. ₦200
Correct Answer
C
Correct Option:
₦150

About This Question

This is Post Utme Aaua 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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