Post Utme Afe Babalola University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n| Item | Value |\n| --- | --- |\n| Exports | ₦100 billion |\n| Imports | ₦120 billion |\n| Net Factor Income | ₦5 billion |\n| Net Transfer | ₦10 billion |\nWhat is the country's balance of payments deficit?

Answer Options

A. ₦20 billion
B. ₦25 billion
Correct Answer C. ₦30 billion
D. ₦35 billion
Correct Answer
C
Correct Option:
₦30 billion

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

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