Post Utme Al Hikmah University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the value of exports, and M is the value of imports. If the value of exports is ₦1,000,000 and the value of imports is ₦800,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦200,000
B. ₦100,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Al Hikmah University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.

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