Post Utme Abu 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_ABU • 2024 • ECONOMICS • objective

Consider a country with a trade deficit of ₦100 billion and a GDP of ₦5 trillion. If the country's exchange rate is ₦200 per dollar, what is the value of the trade deficit in dollars?

Answer Options

A. $500 million
B. $1 billion
Correct Answer C. $2 billion
D. $5 billion
Correct Answer
C
Correct Option:
$2 billion

About This Question

This is Post Utme Abu 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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