Post Utme Abu 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_ABU • 2024 • 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

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

About This Question

This is Post Utme Abu 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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