Post Utme Afe Babalola University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments 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

Correct Answer A. ₦-100 billion
B. ₦100 billion
C. ₦200 billion
D. ₦300 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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