Post Utme Achievers University 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country has a trade surplus of ₦200 billion and a GDP of ₦5 trillion. If the exchange rate is 1 USD = 400 NGN, what is the trade surplus in USD?

Answer Options

A. 500 million USD
Correct Answer B. 1 billion USD
C. 1.5 billion USD
D. 2 billion USD
Correct Answer
B
Correct Option:
1 billion USD

About This Question

This is Post Utme Achievers University 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Achievers University 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