Post Utme Al Hikmah University 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 7 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the following equation: BOP = X - M, where X is exports and M is imports. If the country's exports are $100 billion and imports are $120 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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