Post Utme Afe Babalola University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is exports, and M is imports. If the country's exports are $100 billion and imports are $120 billion, what is the balance of payments?

Answer Options

A. $10 billion surplus
Correct Answer B. $10 billion deficit
C. $20 billion surplus
D. $20 billion deficit
Correct Answer
B
Correct Option:
$10 billion deficit

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.

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