Post Utme Al Hikmah University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following equation: \( BOP = X - M \), where ( X ) is the value of exports and ( M ) is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦-100 billion
B. ₦100 billion
C. ₦500 billion
D. ₦600 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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