Post Utme Aaua 2024 Economics Question 47

Practice objective / multiple choice question 47 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 47 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A country's GDP is ₦1.2 trillion, its imports are ₦300 billion, and its exports are ₦250 billion. What is the country's balance of trade?

Answer Options

Correct Answer A. ₦50 billion surplus
B. ₦0 billion
C. ₦50 billion deficit
D. ₦100 billion deficit
Correct Answer
A
Correct Option:
₦50 billion surplus

About This Question

This is Post Utme Aaua 2024 Economics Question 47. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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