Post Utme Afe Babalola University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, find the balance of payments.

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦500 billion surplus
D. ₦500 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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