Post Utme Afe Babalola University 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's trade balance is given by the equation \( TB = X - M \), where X is the country's exports and M is the country's imports. If the country's exports are ₦1,500,000,000,000 and its imports are ₦1,200,000,000,000, find the country's trade balance.

Answer Options

Correct Answer A. ₦300,000,000,000
B. ₦400,000,000,000
C. ₦500,000,000,000
D. ₦600,000,000,000
Correct Answer
A
Correct Option:
₦300,000,000,000

About This Question

This is Post Utme Afe Babalola University 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Economics examination.

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