Post Utme Al Hikmah University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ECONOMICS • objective

The balance of payments accounts for a country can be represented by the following equation: \( BOP = X - M + F - I \). If the country's exports are $100 billion, imports are $80 billion, foreign aid is $20 billion, and investment is $30 billion, what is the balance of payments?

Answer Options

Correct Answer A. $10 billion surplus
B. $20 billion surplus
C. $30 billion deficit
D. $40 billion deficit
Correct Answer
A
Correct Option:
$10 billion surplus

About This Question

This is Post Utme Al Hikmah University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support