Post Utme Abu 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_ABU • 2022 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦15 billion. What is its balance of trade?

Answer Options

A. ₦5 billion surplus
Correct Answer B. ₦5 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦5 billion deficit

About This Question

This is Post Utme Abu 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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