Post Utme Afe Babalola University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is ₦1,500 billion, its imports are ₦400 billion, and its exports are ₦300 billion. What is its balance of trade?

Answer Options

A. ₦100 billion surplus
B. ₦200 billion deficit
C. ₦300 billion surplus
Correct Answer D. ₦400 billion deficit
Correct Answer
D
Correct Option:
₦400 billion deficit

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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