Post Utme Achievers University 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country has a trade deficit of ₦100 billion and a GDP of ₦5 trillion. If the exchange rate is 1 USD = 400 NGN, what is the trade deficit in USD?

Answer Options

A. 250 million USD
Correct Answer B. 500 million USD
C. 750 million USD
D. 1 billion USD
Correct Answer
B
Correct Option:
500 million USD

About This Question

This is Post Utme Achievers University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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