Post Utme Al Hikmah University 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦500 billion, imports are ₦400 billion, foreign investment is ₦200 billion, and domestic investment is ₦300 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦100 billion surplus
B. ₦100 billion deficit
C. ₦0 billion
D. ₦200 billion surplus
Correct Answer
A
Correct Option:
₦100 billion surplus

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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