Post Utme Afe Babalola University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2023 Economics Objective / Multiple Choice

Question 18 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments account is given by:\n\nImports: ₦500 billion\nExports: ₦700 billion\nTransfer payments: ₦200 billion\nForeign investment: ₦300 billion\n\nCalculate the current account balance.

Answer Options

Correct Answer A. ₦200 billion surplus

B. ₦300 billion deficit

C. ₦400 billion surplus

D. ₦500 billion deficit

Correct Answer

Correct Option:

₦200 billion surplus

About This Question

This is Post Utme Afe Babalola University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.

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