Post Utme Aaua 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_AAUA • 2024 • ECONOMICS • objective

The balance of payments (BOP) of a country is given by the following equation: \( BOP = X - M \), where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Aaua 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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